Buy and Hold in CA

[Brian Gerace]

Im a newbie in CA so I wanted to pick your brains. Is it realistic to purchase a buy and hold property that cash flows in CA with current prices and investor demand. Or are investors banking on future appreciation? I am thinking that without an enormous down payment, basically forcing cash flow, the only way is to find a super distressed property to rehab and hold. Thoughs?

[Steve L.]

California is a big place! In places like Orange County, LA, San Diego and San Francisco you have to get pretty creative to find positive cash flow without a huge down payment.

In other parts of the state it is a lot easier.