New to BP! Beginner Investor from Southern California need some advice

[Chris Nguyen]

Hello everyone!

I'm new to BP and very excited that I found this forum. I reside in Orange County, CA and have been looking for the past couple months for rental properties that has positive cash flow and I plan to buy and hold. I am finding it very difficult to find a property that even has a cap rate of 5-6%. My question is the properties around this area too over priced right now and wondering if I should start looking in other others like Las Vegas or Arizona. I would appreciate any feedback in whether I should hold off on socal properties right now because it might be overpriced right now or any recommendation on any other area that have better returns.