I have a colleague who does well up there on both the flip and buy/hold sides up there and swears by it.The main issue with Anderson is population (or lack thereof) some factories shut down several years back and a lot of people lost their jobs so they moved away leaving a ton of deserted homes.

Real Estate investing is something that I have always been very interested in and "now" is the right time for me to finally jump in.In a perfect world, I would like to invest in my current community here in Southern California where I would be close to the properties, but I also understand that this might be difficult or impossible to find properties, which ultimately are cash positive.I am located specifically in Palm Desert, California with the neighboring communities of Palm Springs, Cathedral City, La Quinta, Indio and Coachella.We are a resort community with a major population influx between "season" and "off season" and with so many different investment options such as buy and hold (long term rental vs. short term vacation rental), flipping, etc., I'm really curious to find other people who may have either previously invested or currently invest within the Coachella Valley to see what has worked for them.I definitely want to explore all avenues that could work here locally before venturing out of the area, but I'm well aware that it might be a better idea to head out of state for better opportunities.I'm really looking forward to any input.Thanks in advance!

The rent/value ratios are .05 or lower, CAP Rate average was about 4% and COC was less than 6%, so maybe you will have to go out to Bakersfield, Victorville, Hesperia, Beaumont, Indio and other high desert markets to make it work.

Really like the prefab container home look in the desert.

China is 90% desert.  

Look up Desert Rat Real Estate on FacebookLots of people in Las Vegas are willing to help, the best way for you to find a mentor is to show them you're a committed and seriously player.

We were left with a house in the desert and nobody to rent it.

The other has to do with Las Vegas being in the Mojave Desert.

its very hard to deal with a bank when your current.I did see this a ton in the desert though and I am sure it happened in FLA.folks through an intermediary buying their own home back at foreclosure sale.you risk being out bid but no one can usually out bid an owner occ.

It certainly helps that Upstate New York is beautiful too (I live in the Desert).