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I could not agree with you all any more! I have been investing for 10 years in California. In the San Francisco Bay Area to boot! It's horrible until you sell! I bought a home in 2003 for about $400K. Sold it in 2005 for $825K. Granted that was at the peak of the frenzy in our area but WOW!

I quickly sold 4 buildings that had no cash flow at all, took the cash to Texas and now own the lower south east side of San Antonio! (well not quite the entire lower east side :mrgreen: ) All cash purchases, all positive cash flow, and very low mortgages!

The way I see it, you can have $1,000,000 tied up in one 4 unit building in San Francisco and only have a $2 positive cash flow or you can have a $200K 4 unit building with a $2 dollar cash flow. Far less money tied up for the same initial return. Granted there are other things that go into why one deal is better than a nother but if you are looking for immediate ROI, then I am a BIG fan of going where money can be made!

So long as you don't forget to factor in management, one can do well investing out of their pricey area.

Take Very Good Care,

HuntMan1