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Updated 5 months ago on . Most recent reply
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Getting into the REI - Areas of Interest San Bernardino County, Califorina (I.E.)
First, I wish there was a location for San Bernardino County (SBC), especially since it is the largest county in the US with so much variance of investment potential.
I'm looking to get started in a long-term rental, even a perhaps a small multifamily in a B-/C+ class-ish property. I've been trying find topics here on BP for the SBC, sadly nothing posted lately in the last year. I think it's as far back as 2019. I've been listening to almost all the BP podcasts daily; I've read 2 of the PB books including Starting with Strategy. Are there any people here who are in those areas as well? I'd love to meet up, specifically areas East of the 215 and or North of the 10.
I'm also curious about starting out in B-/C+ class-ish multi-property where the median house is around $500k, however it boarders an area of the median home of $700k. As much as I'd love to be in the straight B class, living in SoCal and wanting my first purchase to be close I simply cannot make my first investment in a B from what I can tell so far. Any tips from people who toggle between the two would be so appreciated.
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- Real Estate Broker
- Houston | Dallas | Austin, TX
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Invest in Southern California's B-/C+ areas for appreciation and cash flow, focusing on job growth, population growth, and proximity to amenities. Target affordable rental options for stable tenants. Balancing cash flow with potential appreciation, running rental comps and vacancy rates, and bridging the gap between Class B and C properties is crucial. Explore REIAs, host meetups, and explore financing options. Seek advice from local experts and leverage the BP community.
Good luck!
- Wale Lawal
- [email protected]
- (832) 776-9582
- Podcast Guest on Show #469