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Updated over 7 years ago, 04/21/2017
Advice for Investor in High Priced Market
BP,
I live in the San Diego area and I'm looking to invest in cash-flowing rental properties. However, in San Diego, it seems nearly impossible to find a property that will cash-flow without a huge percentage down, and even then, the ROI won't be very good (if I'm missing something here, please let me know). Since San Diego doesn't look like a good investment market for me, I've been researching out-of-state investing (which I understand comes with it's own challenges), and specifically have been considering turnkey investing.
Please let me know what you think about this strategy for someone in an area where cash-flowing properties are very hard to come by, and please let me know any advice you have.
Thanks so much!