invest multi-family home

[Hyeonji Oh]

Hi Everyone, I am glad I joined Biggerpockets to start my investment journey.

I was trying to buy my own house first but I decided my mind to buy investment property first. I am currently living in the Bay Area, California. I am looking for an agent who has experience in investing property anywhere in the States. After having one property this year, I want to expand my properties. 

I am open to investing in multi-family houses not only in California but also in the nearest states (AZ, NV, or WA). 

-ANY GOOD CASHFLOW AREAS in CA? Modesto or Stockton, Fresno, Sacramento, Central Valley?

-Any recommendations for a real estate agent, experienced in good investment properties?

Thank you for all your help!

I still don't know which area I should buy a multi-family home in California. Should I invest in the other states?

[Mike Paolucci]

Quote from @Hyeonji Oh:

Hi Everyone, I am glad I joined Biggerpockets to start my investment journey.

 Hi @Hyeonji Oh 

I'm originally from San Francisco, CA and started investing in 2021. It was pretty hard to find properties where the numbers and landlord laws made sense which is what ultimately led me to investing in Columbus, OH.

The numbers and landlord laws out here made sense then, and they still do today. I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC. 

Here's an example of what I mean by landlord laws not making sense. On the upcoming November ballot for CA, they're tying to pass the "Justice for Renters Act." This will basically limit what you're able to charge for rent for a new tenant. Not to mention other pieces of legislation that make being a landlord in CA not the most ideal. 

Happy to share my experiences. Good luck on your REI journey and property search!!