@Jasraj Singh it depends on your definition of affordable, are there markets that are less expensive than LA or SF? Yes. Are they necessarily driving distance to the job centers? No Are there sub $100k properties? Yes but most of the time they are fairly rural and may not make the best investments.
@Jasraj Singh it depends on your definition of affordable, are there markets that are less expensive than LA or SF? Yes. Are they necessarily driving distance to the job centers? No Are there sub $100k properties? Yes but most of the time they are fairly rural and may not make the best investments.
@Jasraj Singh it depends on your definition of affordable, are there markets that are less expensive than LA or SF? Yes. Are they necessarily driving distance to the job centers? No Are there sub $100k properties? Yes but most of the time they are fairly rural and may not make the best investments.
Thanks a lot for responding! I'm looking for a duplex and I can invest nearly $200000-$240000. So are there any options in good area's with that kind of range.
@Jasraj Singh you can find some things in that range in the Central Valley, Bakersfield, Fresno etc. but if you don't know the area and you'll be out of state investing there are probably other places to put your money.
@Jasraj Singh you can find some things in that range in the Central Valley, Bakersfield, Fresno etc. but if you don't know the area and you'll be out of state investing there are probably other places to put your money.
Hi @Jasraj Singh I would recommend the Bakersfield area. You can see some of my previous posts about the area and the good things happening here. Please feel free to PM me if you would like further details as well.
Best
Sunny
Alright! thanks a lot for responding! I'll definitely look into that!
I'm a realtor in San Diego area and I would not say cheap. Minimum of $400k for a good flip property, BUT they typically have high ARV and you can make upwards of $100k on a good flip here. There are a lot of flippers here so it's a competitive market for it but there's money to be made!
I work primarily downtown and metro SD which contain many neighborhoods that have small multi 2-4 units. Duplexes in level C - B neighborhoods (some in opportunity zones) start around $600K and go up from there.
If you have $200-$240K to invest that should be more than enough to get started, even if you aren't planning to house hack and live in 1 unit yourself
Currently I'm seeing 7 duplexes active on the MLS between $579-$695K and another 5 duplexes / tri's in between $600-$700K in the following neighborhoods: Logan Heights, National City, and even in North Park. Once you continue going a little further East into lemon grove, spring valley, la mesa, etc.. your options will continue to open
I'm a realtor in San Diego area and I would not say cheap. Minimum of $400k for a good flip property, BUT they typically have high ARV and you can make upwards of $100k on a good flip here. There are a lot of flippers here so it's a competitive market for it but there's money to be made!
Thanks a lot for responding! Sounds great! But I've done some research and found that the median home value in San Diego is around $600k-$650k and is rising which I think is quiet a lot to start with and I prefer starting small. But can I really get properties there for $400k in good markets?
@Jasraj Singh I grew up in Redding, CA. Definitely lower prices than most of CA. Might look there or Chico.
Thanks a lot for responding brother! But I prefer investing where I can live and I prefer Southern California more cause have a couple of friends studying and living there. Let me know if you can help in any way!
I work primarily downtown and metro SD which contain many neighborhoods that have small multi 2-4 units. Duplexes in level C - B neighborhoods (some in opportunity zones) start around $600K and go up from there.
If you have $200-$240K to invest that should be more than enough to get started, even if you aren't planning to house hack and live in 1 unit yourself
Currently I'm seeing 7 duplexes active on the MLS between $579-$695K and another 5 duplexes / tri's in between $600-$700K in the following neighborhoods: Logan Heights, National City, and even in North Park. Once you continue going a little further East into lemon grove, spring valley, la mesa, etc.. your options will continue to open
Happy to help LMK if you need more info 👍🏻
That's great! but do you mean total of 7 duplex between $579-695k or per duplex?
ARV is average around $600k, but for flips you can find some in $400s in lower cost areas of the county like most of North County, spring valley, El cajon, Santee, Chula Vista, etc... There's a lot of margin if you find the right deals.
I invest in San Diego county and have done great, but competition is great and entry cost is not low. Smart investors can succeed in San Diego.
However, it is not a market I would recommend at your price point. I saw various recommendations for cheaper CA locations, but none that actually made any case for the area other than being cheap for California.
So I recommend looking at Merced. Prices are low for CA. It has a University CA (UC) campus. It is by far the lowest price property of any city with a UC campus. The UC system has already committed to a very large investment. Sounds good, but here is the kicker: it has experienced the highest income growth of any metro area in the country over the last 5 years (as of a year ago).
If someone can make a better case for a low cost CA market, I would like to see their case.
I would love if this thread turned into various arguments for best low cost CA markets rather than just a list of the lower cost CA markets.
If we are only listing low cost markets without any other reason to invest, I did not see anyone list Imperial County. I suspect it competes for lowest cost market in CA, but I suspect the low price is appropriate.