Am I making a mistake investing in Southern California?????

[James Allen]

I'm here in Southern California, I invest in the Antelope Valley and I've got my first Direct Mail campaign that just arrived as of today. As I was reading one of the bigger pockets articles, I noticed that Los Angeles was rated the 3rd worst place in the Nation to invest right now as of the end of 2016. Everyone I have been talking with in Cali talks about trying to find a 1 % rule for rentals (1% of the purchase price in monthly rent) where as other states talk about a 2% rule with there being much better rent to value rates in other states. I started looking around on Zillow last night and found that right off the bat that there are better deals out of state available even just online for buy and hold. As someone who would love to acquire multi families and have plenty of units with cash flow down the road through the BRRRR process, am I wasting my time trying to invest in southern California when there are great deals out of state??