What is the best state to invest in?

[Mike McKinzie]

Currently, I have rental property in California, Colorado, Texas and Virginia. I am looking to buy another SFR or possibly duplex, and the main issue is monthly cash flow. What state or states seem to be the best for cash flow investing in 2009?

[Michael Rossi]

People like to be patronized, that's for sure. In another thread, Josh was talking about SmallerPockets.com. I think he should start that site and only allow GURU B.S. and "positive" responses.

Here's how it might go:

Newbie Question: I found a property in California that I think would make a great rental. In 2005, it sold for $575,000. I can get it for $485,000 and rent it for $900 per month. What do you think?

Guru response: That property has great potential. However, to make it cash flow, you'll need the SECRET to real estate investing and you're in luck. The SECRET to achieving MASSIVE SUCCESS with California rentals will be revealed in my upcoming bootcamp and for the next 2 1/2 minutes the cost is only $4,999! You will be rewarded with MASSIVE RICHES if you take MASSIVE ACTION and give us your credit card number RIGHT NOW!

MikeOH Response: Sorry to be blunt, but you are a freaking genius! Paying only $485,000 for a property that sold during the boom for $575,000 is the deal of the century!!! As they say in the shoe business: JUST DO IT! You da man! My advice is to buy a large box truck now -- you're going to need the space in that truck to haul your MASSIVE RICHES to the bank! And when you get back from the bank, the supermodels will be sitting by the pool at your new ocean-front mansion, waiting for their turn for a ride in your new yacht!

I'm in Josh! Where do I sign up for SmallerPockets? All that positive energy is making me SMILE! Just thinking about the positive energy has got me hyped up. Now I know that I can take my business to THE NEXT LEVEL! I might even skip a level and go to the level after that!

Mike