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Updated about 8 years ago on . Most recent reply

User Stats

29
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4
Votes
Richard Nix M. Caasi
  • Investor
  • San Clemente, CA
4
Votes |
29
Posts

California living?

Richard Nix M. Caasi
  • Investor
  • San Clemente, CA
Posted

Hello fellow investors, 

I am currently in the the process of deciding if I should stay in California and start investing or moving to a different state where the markets are better. I know it's a little hard to start my real estate venture here because its just so expensive. Should I move to a different state or stay in California? If I do move to a different state which one? If you do recommend to stay in Cali then where do I start? I want to start investing in multi-family properties and live in it and rent them out. Feel free to speak your mind! 

Most Popular Reply

User Stats

103
Posts
26
Votes
Michael Morrongiello
  • Specialist
  • Napa, CA
26
Votes |
103
Posts
Michael Morrongiello
  • Specialist
  • Napa, CA
Replied

Richard

Actually the Margins / Spreads are far STRONGER in California than in most other states so don't be fooled by "expensive" meaning this is little opportunity. Sure it may tougher to buy and hold property in the Golden State and make them cash flow UNTIL you learn some advanced techniques BUT If you can master MARKETING and Attracting good quality prospects to come your way there are wonderful Wholesale opportunities where you can work with other seasoned investors and learn as you earn. 

  • Michael Morrongiello
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