Moving out of California. What are other good options?

[Nik L.]

I just sold a highly depreciated duplex in the SF Bay Area and looking to invest elsewhere for a variety of reasons but mainly rent control and some other taxation reasons. It had good cash flow and appreciation of 5-6% per year over the two decades I have owned but the timing was right to sell. Wondering where my equity can go for best returns.  

I have been doing flips in Atlanta and I am somewhat familiar with that area but what areas are good for investing post Covid? Any feedback on other areas that offer cash flow and appreciation? 

Thanks!

[Tom Wagner]

This question is asked all the time. I would consider taking a look at Sacramento, specifically lots with zoning upside as it relates to their newly released 2040 master plan.

https://account.sacbee.com/pay...

Outside of California I would look at growing cities with 5-7% cap rates. Columbus, Boise, Denver, Phoenix and Atlanta all come to mind.