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All Forum Posts by: Lei Li

Lei Li has started 1 posts and replied 3 times.

Starting Out

Post: CA resident trying to decide on rental property investment location

Lei LiPosted
  • Investor
  • sunnyvale, CA
  • Posts 3
  • Votes 10
Quote from @Nicholas L.:

@Lei Li

i like staying local-ish - within driving distance.  there is just no substitute for being hands-on, and higher rates have put pressure on cash flow even in the midwest.

don't be these people:

https://www.biggerpockets.com/forums/12/topics/1140454-prope...

https://www.biggerpockets.com/forums/12/topics/1111808-strug...

https://www.biggerpockets.com/forums/311/topics/1137430-insp...


 That's actually one of my biggest concerns! Thanks for your input on this! 

1 Vote
Starting Out

Post: CA resident trying to decide on rental property investment location

Lei LiPosted
  • Investor
  • sunnyvale, CA
  • Posts 3
  • Votes 10
Quote from @Jake Andronico:

@Lei Li

Definitely agree w/ Ryan. Landlord/tenant laws are important to know in whatever area you decide. 

In Reno, NV we're seeing cash being extremely strong right now on turnkey inventory. Some cash offers being accepted that we were pretty shocked about. 

Are you buying in cash or need financing? 


 I can pay cash if it's under half million, if above I have to finance.

1 Vote
Starting Out

Post: CA resident trying to decide on rental property investment location

Lei LiPosted
  • Investor
  • sunnyvale, CA
  • Posts 3
  • Votes 10

Hi BP experts, I’m a busy professional in the Bay Area, trying to get into property investment. I don’t have time for all the house flipping or maintenance, so most likely just want to get a rental property to provide another stream of income. If there’s appreciation that would be great too. I was looking between OH, TX, FL and some cheaper areas in CA. What do you recommend for someone like me? I have a budget of less than 500k. 

8 Votes