Southern California Multi Family Cash Flowing Properties

[Kevin Walters]

Hey guys, 

I have been searching and searching but am having trouble finding any decent cash flowing properties in Southern California.  I have been looking in Oxnard, Ca but even there the average multi family property costs over 700k and only nets 5k-6k a month.  

I started to expand my search radius to areas such as Lancaster and Bakersfield but am worried about the quality of tenants which I will have.

I own one property at the moment but only as my personal residence.  I am looking to get a multi family property in addition to the one I have now and am looking in the price range of 700k-1 million.

Any help or advice would be greatly appreciated.

Thank you, 

New hopeful investor from So Cal

[Kevin Walters]

Gene Hacker
That is wonderful advice, I have actually already started looking more deeply in and around Bakersfield using Google Street View.

While I certainly don't want gang members and graffiti around my potential 4-plex's, I have also mentally accepted that I may not be renting to the "highest caliber" people.

That being said, I know there plenty of great people living in "rough" areas. I just hope I am fortunate enough to have them as my tenants. I also plan to avoid too bad of areas but I need to find that fine line where I can be profitable with cash flow and have a chance at equity.