Affordable Investment properties Buy & Hold near San Diego, CA

[Denny Moody]

Hi all,

I'm just starting to dive into all the great info here and I would like to start looking for properties to buy and hold for cash flow.

I live in San Diego, CA and from what I can tell, it seems almost impossible to find a property around here that you could rent out and be cash flow positive. (Median home value is around $500K and median rent is about $1300).

I was wondering if anyone has any advice on more affordable real estate opportunities within a 5-6 hour drive of San Diego. That radius covers most of Southern CA and parts of Arizona.

I would like to find a property in the $30-60K range. I've been looking at places like Phoenix, Lancaster, and Bakersfield.

Any thoughts?

Thanks,

Denny