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Updated almost 9 years ago,
New to Monterey, CA area
I'm moving to the greater Monterey, CA area in 2 months -- Pacific Grove to be exact. We're cashing out of two properties in the upper Midwest and I'm looking to get into real estate investing at some point in the area, especially given Prop 13. From what I've seen, it looks like cash flow positive, or perhaps even cash flow neutral, on single family rentals is probably not possible with 20 percent down. Is commercial real estate more reasonable than residential or is it similarly expensive? I'd appreciate any thoughts real estate investors in the greater Monterey area would be willing to share on the residential or commercial real estate markets.
Cheers,
Andrew