I was born in California and love the state but, so much has changed and wanted to try something new.

The place is gentrifying since people cannot afford to live or invest in the New England area + New York City Metro, Northern Jersey, Southern Florida, California, etc.People are then targeting for areas where people can follow the money and see where the next gold mine is. 

I have been doing a lot of research into where we might buy another STR and was looking at Big Bear Lakes, CA because it is very close to a downhill MTB park and my kids race DH and have always wanted to get a place close so we can go spend a few weeks there whenever we want. 

I’ve never been a landlord and the area I live in California is super expensive, so the numbers just don’t work.

Then you’re looking at a minimum of 15% federal tax and 10% California tax on that $500k.

About a year later I joined the Navy and we moved out to California so we rented out to a school friend of my wife's, essentially stumbling into a rental property.

Purchase price: $200,000 Cash invested: $34,000 Sale price: $325,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Linda Street, Delhi, CA 95315.

Purchase price: $165,000 Cash invested: $54,000 Sale price: $323,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Stanislaus Ave, Angels Camp, CA 95222.

Here's some clarification and advice regarding your client's concerns about purchasing a property with a CLTA (California Land Title Association) policy:Understanding CLTA PolicyCLTA Policy: A CLTA policy is a type of title insurance policy commonly used in California.

I don't know much about the Birmingham market but it sounds similar to Detroit (where I invest).I'm also from CA and have been investing there since 2019 (12-doors now).