Winning strategies for Southern CA in 2023

[Jordan Futch]

I just have a question for anyone active in SoCal; Are there any areas in southern/ central California where long term rentals cashflow, or is that impossible now with today's interest rates? Most of the deals I see the numbers don't quite add up, or break even at best. I've been told that the working strategy in SoCal is to break even after all expenses, and the appreciation and equity is where the money is made. Rather than other areas of the country where property might cashflow but not have as much appreciation. Is this true? Looking at 2-4 unit. Thanks for your help.

[Joe Homs]

@Jordan Futch nothing really cash flows in California, unless you would like to try your hand at AirBnb in Big Bear or other areas like that.  I would not buy anything right now "Hoping" to capture appreciation in the future.  I have lived through three real estate cycle crashes and not to encouraged about what I see.

Good Investing...