All Forum Posts by: Chris Nguyen

thanks for giving me your inputs. Those are definitely some very good points. 

 Thanks for the reply. I was actually looking into Vegas, Can you give me reasons why you stay away from there.

Been on this forum and already have found a wealth of information. This is similar to a post I had yesterday but I have been listening to quite a few podcast and forum post, I keep hearing about the 2% rule and having the 1% rule as a minimum. My question is being from Socal where it is almost impossible to find a deal that meets the 1% rule even neighboring areas like Vegas where it is getting to that point. My question is it not even feasible to invest in west coast property if we are following this rule. I almost thinking I am forced to invest in outside states. Whats your thoughts and experiences following the 1% rule

Wow I am a newbie and barely starting out and its kind of overwhelming hearing about purchase 25-50 units. I can't imagine getting to that point especially here is socal. which markets are relatively save can you guys recommend if I was looking for 50k-75k a door?

I've pretty much eliminated Orange County/LA from my search and am primarily looking in the IE and Vegas at this point. Price is important but its not that big of a deal as long as the property makes sense from a cash flow perspective since I plan to hold it long term. Is there anyone currently purchasing properties with 401k/IRA funds? I've read a little bit about it but wanted to hear from someone that's actually done it

 I agree. I'm not trying to find deals that are steals just deals that make sense from a cash flow perspective. Some of the podcast I hear ppl buying homes for 50k which is unheard of around here. My criteria is simply I want to stick around a 5%-6% cap rate or else the investment just doesn't make sense for me

thanks for the advise. I've been looking straight on MLS. Guess I need to find resources on how to locate these deals which will probably come with more experience.

 Thanks for the quick reply. I am open to investing in Riverside but even those properties seem overpriced and can't seem to get a decent return. I would want a minimum cap rate of 6% there but pretty hard to find those deals there as well

Hello everyone!

I'm new to BP and very excited that I found this forum. I reside in Orange County, CA and have been looking for the past couple months for rental properties that has positive cash flow and I plan to buy and hold. I am finding it very difficult to find a property that even has a cap rate of 5-6%. My question is the properties around this area too over priced right now and wondering if I should start looking in other others like Las Vegas or Arizona. I would appreciate any feedback in whether I should hold off on socal properties right now because it might be overpriced right now or any recommendation on any other area that have better returns.