it was vicious.what I liked coming out of this was so many that were bought with cash those folks don't lose houses.. and if someone is buying in this model I personally feel they need at least 10 to 15k in reserves on a hand to sustain a bad tenant run. the negative cash flow folks were CA  NV  AZ FLA  ..

My market is southern Ca which is very different than Columbus but I suspect is similar behavior on adding an ADU. 

Trying to wholesale while it can work its like I said very tough to do and your going to have a ton of deals fall out because of the inherent marketing times for dirt.And when your talking about commercial property its even worse.. you will not sell it unless your basically giving it away UNTIL you find a user.. and buyers of commercial are far more sophisticated than buyers of a rural parcel looking to build a cabin or a builder looking to build on infill in a city.In northern CA we bought 72 acres of which consisted of 14 parcels of record. 4 of them 5 acres each were zoned industrial this was a small rural county.. we sold the 9 that were for resi purposes in the first few years.

Hi BP, Based in CA and gearing up for my first BRRRR (remotely).

I am undereducated on most other states but I imagine CO, CA, TN, NY etc all have thriving locations as well, just unsure about their regulations and returns especially in the high tax states.

You live in a unit and rent out the other units to help cover the mortgage and in earn some passive income.The State of California can be tough depending on where you want to live and what type of property you want to buy.

California is challenging because of high prices and landlord-tenant laws but buying out of state brings about a different set of challenges - being 2000 miles away puts me at a disadvantage.

For a property like this, even in California, I would anticipate at least a +7% CR.Additionally, betting on appreciation is speculative and not the best approach to long-term investing.

His investment properties are all single family homes in California.

Hello All,I just secured a 0.4-acre lot with a burnt house on it in the Bakersfield, CA area.