New Member Introduction

[Stanislav Vaysberg]

Hi Everyone, I am a new member of this group. I am reading the book on Rental Property Investing by Brandon T. and decided to visit this website and create an account. I am an aspiring real estate investor looking to gain more relevant knowledge. For instance, I live in Oxnard, CA (Ventura County), and the real estate prices here are crazy high. By reading the book, the examples of first properties are around $100K to $150K, which is not realistic for this area (not a surprise to anyone, I get it). Also, is the 1% rule of thumb for Rent vs. Buying price relevant, and how can it be achieved here in my area? A 1 bed 1 bath apt can cost anywhere from 300k-350k, but rent for 1bed 1bath is around 2k...which is way below 1%...How can I achieve the 1% if it is even possible in CA?

[Patrick Drury]

@Stanislav Vaysberg
The 1% rule might not be possible in your market because the prices are much higher than rents. If cashflow and achieving the 1% rule is most important to you I would suggest looking out of state in markets where is is possible with population growth and job opportunities. If that's the route you are looking towards I would start with checking out Columbus OH.