All Forum Posts by: Lee S.

As we have been discussing, i think numbers like that would be really difficult to find in California.  That's basically the 2% rule from my understanding, in the area we are talking about it seems the going rare is about .6% meaning you're taking a good loss on a monthly basis. 

Thanks Jay, I requested your Ebook in the past couple of days, just getting started on it.  I do realize there is more to RE investing than just rentals and I'm open to most things.  Rentals is more my idea of the slow long term cash flow/wealth tool I would like to use since I don't "need" income at the moment but I'll gladly take it.  I'll look in the areas you mentioned, I'm definitely more comfortable west of the Rockies, almost bought an investment condo in Vegas about 13 years ago.

seems I'm running into similar numbers where I'm at in the foothills just east of the Central Valley.  Looking to buy first rental, I have funds and income to cover no problem but seems numbers don't work.  My house is worth ~500k and maybe I could get $2500 rent.  Any whole sellers in this area?

Seems a large number of people are against looking out of state for cash flow, but in would rather my first few houses cash flow before risking a pure appreciation play in California.