Antelope Valley (Lancaster, Palmdale, Rosamond)
I live in Southern California and in an effort to find a more affordable market that's still in-state, I've been looking at places like the Antelope Valley. Specifically, I'm interested in the Palmdale and Lancaster areas, and to a lesser extend, Rosamond. I'm wondering if anyone here has experience in these areas and I'd love to hear what you all have to say about this market. I have been doing some market research and it looks like the median price of homes has been steadily increasing ($260k in Jan 2016, $285 in Jan 2017, $312k in Nov 2017) and days on market have been steadily falling in this area (21 days as of November 2017). I'm interested in doing some direct marketing to find motivated sellers, closing on the deal, rehabbing and flipping. I'd like to focus on 3 bed/2 bath or 2 bed 1 bath homes that need mostly cosmetic repairs but I'd be willing to take on a bigger project if the potential for larger profits are present.
I am open to working with other investors in the area. So if you have a track record of success and are looking for a partner to invest along side of, let me know.