All Forum Posts by: Maxzi Soto

Michael is right in that it's going to be tough to cashflow with rates as high as they are right now (at least, unless you're willing to put more of your own cash into the deal). 

That said, investing in southern CA is not out of the question. We made our first investment in CA and it's been a major success. You just might have to get a little creative (for example, using a small multifamily as a vacation rental to generate more income). 

Hey @Maxzi Soto, you should just read the forums for a while and you will get the gist of things. I personally don't even look at CA for any kind of investment, but there are others who know a lot more and do well there.

Otherwise I would look out of state at established vacation areas. Things are going to be tough right now with interest rates often exceeding cap rate. 8% seems to be closer to the norm nowadays.

Many people think Cali has seen it's day as far as investing in STRs. Prices too high, current interest rates too high, regulations/restrictions/fees out the wazoo....

I left Cali a couple years ago so my knowledge would be a bit out of date but I'd say OOS is the way to go, unless you can find an untapped area somewhere.

But there are some investors on here that still swear by Cali so see what they say. Bear in mind though, that they are very seasoned, experienced and well-funded investors, so what worked for them will not work for you.