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Updated almost 8 years ago, 01/10/2017
Fresno, Temecula, Jacksonville, Las Vegas, Texas?
This is a broad question, with an infinite number of answers...I realize that. Just fishing for ideas and other's thoughts about these areas. Or any other help others may offer.
I now live the Bay Area. I rent. I have about $300k sitting around. My current job will give me $450k to help buy a house locally if I agree to stay here 10 years.
I realize that I don't want to buy a home here because I can do so much more with that money and make it work for me rather than being chained here with a mortgage.
I'm looking at areas to invest for cash flow and these are the preliminary cities I'm looking at. I don't know the markets in any of these very well since I haven't lived in any recently.
Fresno : Reasonably close to drive to. I've lived there and know the area. I've owned and sold there for profit. I don't know anyone there.
Temecula : I lived in San Diego and know the area moderately well. It's a quick flight away that I can write off. More affordable than the Bay. I don't know anyone there.
Jacksonville : I lived in Jacksonville and know the city well. I already have a property there. It's way more affordable than the Bay and seems like the potential to cash flow there is good. I have trusted friends there. Laws are great for landlords.
Las Vegas : I know the city well. I have family there. It's a quick flight and a tax write off to visit. More affordable.
Any comments or questions appreciated!