Where to find positive cash flow properties???

[Dan Schweit]

Hey All. Need advice on how, or where to find properties that actually have cash flow. Im in CA, and even though rents are high, they are not comparable to what a mortgage payment with 20% down costs. Now I know digging for deals and finding a really good one will help the numbers, but I still don't see it being a good cash on cash return. Are any of you investing in markets across the country that have attainable returns for your upfront cash?? I believe there are markets out there that produce returns of 5-10%, but im not sure where. Hoping the community can help point me in the right direction. 

[Marcus Auerbach]

@Dan Schweit I have family in San Diego and San Francsico and continue to be shocked looking at values. Even tough we had prices go up 7 consecutive years now, you can still buy quality properties in the Midewest, put 20% down and cash flow them well. There is a lot of fool's gold out there, deals that look great on paper, but bleed you slowly over time, so you have to make sure you understand what you are buying. Most of the midwest markets are very competitive and short on inventory, so deals will go very fast, often within a day. I get a lot of calls from out of state investors and most of them end nowhere; I think often the expectations are too high - while it's very possible and we close deals every week, you don't get deals on a silver platter, most of them don't look perfect when you first see them and often you have to "make" them into a deal, which requires work and the willingness to invest your time and energy on top of your capital. A lot depends also on your expectations, how hands on or hands off do you want to be, are you willing to plat this as a long term game or are you looking for quick returns. Sorry if I have more questions that answers, but feel free to reach out!