Best cities for RE Investing in Southern California

[Dale K Poyser]

Hi BiggerPockets Community - pretty new to the site and forums. I am not sure if this has been posted already, if it has then my apologies in advance and please point me to that thread.

I've been looking at different RE markets in Southern California, and so far Riverside and Moreno Valley seem like the cheapest options for investing in some rental properties. My real estate agent suggested that Riverside/Moreno might not be a good option because of high taxes, is there any truth to this?

Are there any cities in or close to Southern California that are good for the newbie investor just getting started in rental properties? I think ideally Single Family Residence is where I should want to go, before moving up to multiunit properties, but I'm new so I could be wrong in this approach. Would condos be a better option to avoid high ticket maintenance items like the roof and garages, landscaping etc?

Look forward to the replies.

[Matt R.]

Originally posted by @Account Closed:

@Dale K Poyser no city in CA is even close to viable for an individual investor. Do a flip, wholesale some deals, go out of state, or wait for a different stage in the market cycle. Not only are you not going to cash flow, you're going to take a bath in negative equity when the music stops.

There are other ways to make money in investing!

I doubt that no city in California is viable. It is a pretty big state. Also doubt most invest out of state IMO, that is mostly a BP thing. Most in Cali invest in Cali I think, just like any other place. I would say there is a larger percentage that invest OOS than most states though.

Maybe also check studio condos around LA, Long Beach etc...good luck!