Suntorn, take the basic step of getting pre-approved with a lender....then you will know where you stand on things. As for "cashflow".....you will be hard pressed to find it here in the Bay Area.....You won't hear any of the Podcast guests here on BP use cashflow and San Francisco Bay Area in the same sentence or Podcast. However.....in a lot of parts of the midwest and the SouthEast you can find cashflow galore.
Hey Suntorn! welcome. I also, live in CA. it tends to have a higher price point than other parts of the country. You might want to think about investing in Stockton/Modesto/Fresno/Sacramento as they are not as expensive.
A major thing I've seen with other CA investors is they are out of state investing and doing well. you have commit to the idea if you're going to do that. Don't be scared, with every investment comes some risk- not just out of state investing.
There are deals here in the Bay Area. You just need to look for them. You would be surprised at the number of cash flowing properties you may come by. What specific areas are you looking to invest in?
I'm a successful out of state investor. Not only is it very hard to cash flow in CA, the tenant laws are heavily in favor of the renters, and anti-landlord. I'd never invest in CA real estate for that reason alone. Eviction moratoriums, tenant placement fees, forget it. CA is hostile to small business owners, a rental property is a small business.
There are many threads on the subject, this one has a wide array of opinions. I give my opinion in there somewhere, so won't repeat it here.
Suntorn, take the basic step of getting pre-approved with a lender....then you will know where you stand on things. As for "cashflow".....you will be hard pressed to find it here in the Bay Area.....You won't hear any of the Podcast guests here on BP use cashflow and San Francisco Bay Area in the same sentence or Podcast. However.....in a lot of parts of the midwest and the SouthEast you can find cashflow galore.