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Updated over 6 years ago on . Most recent reply
![Vince Rodriguez's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/990627/1621506969-avatar-anviinvest.jpg?twic=v1/output=image/crop=2045x2045@0x0/cover=128x128&v=2)
cashflow properties in southern california
Hello people,
I am a new investor and looking to buy a property within the next 90 days in southern California. I have about 20k saved up and have a pre approval up to 450k using FHA.
I am finding it hard to find cash flow positive properties in these areas, i havent seen any properties fit the 1% rule and in general they all lose money, esp considering pmi and 3.5% down. I would like your expert opinion on this matter? thanks
-Vince
Most Popular Reply
![Neal Collins's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/194183/1621432339-avatar-ncolli2.jpg?twic=v1/output=image/cover=128x128&v=2)
isn’t cash flowing properties in Southern California an oxymoron?