Too late to join the California Appreciation Party? How to play this up market?

[Jeffrey Magenes]

Property prices have accelerated to almost 2007 prices and higher in certain areas. WOW! I'm a bit hesitant to jump in now if we're looking at another downturn UNLESS the numbers make sense.

So how is the smart money playing this maket? Home/Land development? Pick up as much cheap money (low interest rates) and just buy and hold? Or just sit back and relax?

I know Bruce Norris is a big proponent that we're about to see some of the best years in California Real Estate price appreciation in the upcoming years, it's just a matter of buying smart.

California Criteria to buy:

Properties within 50 miles of Huntington Beach

1980 construction and up

Monthly rent is 1% or greater of purchase price

Back house or grandma quarters. Preferably permitted sub divided units.