All Forum Posts by: Michael Ash

I am a new investor and have been analyzing deals in CA for the last few months. My goal is to achieve a 6% cash on cash, after-tax, return. The best I can get here in the central valley of CA is about 4.5%. On a whim, I went to realtor.com and looked at a few condos in Pocatello, ID. I know that this market will not appreciate substantially but the cash flow seems to work out much better--I'm calculating a 6.5% cash on cash after tax. I'm looking to be conservative with my money and I know that Pocatello/Chubbuck is only 70,000 people with, not the most dynamic economy/job market.  Is it worth taking my funds to Idaho to achieve this return or should I stay close to where I live here in CA and reap minimal returns? My intention is to buy and hold forever.  Let me know if you have any thoughts about Pocatello, moving from a higher priced market to lower, etc...

Thanks to all.