All Forum Posts by: Kevin Zhu

Increasing your down payment, as @Antoine Martel said will really tank your cash-on-cash. Technically you can get any property to "cash flow" if you put enough down...but when you compare how much you get in relation to how much you had to put down to get it, it doesn't really turn out to be worth it. 

The only shot you really have in SoCal is appreciation, and we are so high in the market right now that even that could be pressed. But with appreciation, if you are getting a mortgage, calculate just the interest you'll be paying on it alone and know that not only would you have to get enough appreciation on a property to cover that, but also all the expenses along the way too. When you really crank out that math, it gets even more depressing than how you're seeing it now. 

I live in LA and have always bought out-of-state.