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Updated over 2 years ago,

User Stats

8
Posts
2
Votes
Xiao Xiong
  • New to Real Estate
  • Murrieta, CA
2
Votes |
8
Posts

Is SoCal just bad to invest for cashflow over all?

Xiao Xiong
  • New to Real Estate
  • Murrieta, CA
Posted

I just started to learn about the BRRR, had an investment property in SoCal sold it. As I learn more and more, looking to start building cashflow portfolio.

The more research i do the more it suggested that California does not suit for our investment strategy of generating cashflow.  I know I'm new to this, am i doing my math wrong? 

As much as i would like to build portfolio locally, with understanding of it all come down to whether the number make sense, i am starting doing my research out of the state.  Would be great if some of you with more experience can share some thoughts!

I am also looking for recommendation of CPA to work with that understand the real estate investing.

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