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Updated about 1 year ago, 10/30/2023
SoCal properties do not cash flow... what to do?
I have probably looked at hundreds of MLS listings over the past couple of years. Interested in acquiring another residential multi-family (2-4 units). Rarely if ever do I see anything that cash flows. Gross rents - Principle/interest/taxes/insurance generally results in a loss of $1-2k or more monthly.
I own properties in the same area that I purchased many years ago which cash flow remarkably well. Is now no longer the right time to invest in southern california? Or am I not looking in the right places for deals?