We researched a few properties from the auction list, drove by them, and the due diligence necessary to avoid buying a lemon.

@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers

Hi BP Family,I live in California and am about to start investing out of state.

Upstate CREIA (check our website) has over 600 members here in Greenville and as far away as California.

Hi All, I am looking for a great Investment Property HELOC for my San Luis Obispo, CA property.

In CA you couldn't touch anything like that for construction costs that low, just average homes are $300 s.f. to build.

Remember that in CA, a Handyman can only do projects up to $500 - per project.

Covered California super sucks, private insurance is extremely expensive & CA fines you at end of year for any lapse in coverage.Employees have no idea how lucky they are, especially here in CA.My workers comp and payroll taxes are almost 18%! 

Michael, that's a scary Forum Title at the beginning of a downturn.Australia, China, Canada, California, New York have already droppedand the big banks have recently laid of 100s of high paying mortgage jobs.With interest rates over 5% for most average SFH buyers, are you leveragedfixed at 3-4%?

My market Southern California is very expensive.