Ive read many threads about leaving CA for real estate investing. I understand that property is more expensive in southern CA. Im a home owner myself purchased in 2009. I bought for 190,000 and now its worth 320,000. I wish I would of bought more properties then! Ive been searching for multi or single family properties, and its very hard almost impossible to meet the "1 percent" rule. I have cash for large down payments but not enough cash to buy a house outright.
Id like to invest in CA especially locally where I live, because I have friends and family that can help with building maintenance, and be able to see my properties.
My question is... Is there anyone in SoCal that is making cash buying and renting properties in this current market? .....Any tips or info would be appreciated
