All Forum Posts by: Bobby Narinov

@Kevin Tran You would be surprised how much this looks like my local market. The reasons are different (all cash Chinese investors), the prices are 10x yours ($300+k for a condo and $500+k for a SFR), negative cashflow of $1,000.00/month. So for a person like me your bad market looks like a gold mine. 30+ units in California go for $150+k/door with CAP under 5% and this is for Class C property.

I have not looked at larger than that places because I don't have the capital even for a 10plex in my market.

Needles to say, cash-flow in California is more like cash-drip (if any) 

I am looking into investing in this market as a out of state landlord.
Since I am out of state I think it would be less risky to get a bigger property(5 to 50 units) that can have an on-site management or have a management company deal with the day to day operations.

What areas are attracting the good [long term] tenants?

Sharing any of your local experience would be greatly appreciated.