It does change the cash that goes into (or gets deducted from) your bank account, but it doesn't change the fundamentals of the property.Circling back to the main point of your post- you can find markets in CA that generate decent yields, and if you do your homework, you can buy properties that outperform those markets.

My partner and I did our first deal a few years ago which went really well and we have about 1-1.5M in equity, but the problem is that the cash flow it generates is not that great - partly because cap rates are so low here in Los Angeles.We have the property listed for sale and are thinking of 1031ing into something that will hopefully provide a lot better cash flow - which probably means we will need to look out of state.We were considering multi-family but are open to ideas.My question is - with 1-1.5M cash, is it possible these days to get levered returns in the 10-15% range?

A good friend of mine said probably a little more than 50% of her time is spent on lead generation.

Not a priority for the generation that grew up on instant messaging and smart phones.

Short term I want a total (including the current two) of 6 properties, 5 generating cash flow, by first quarter of 2018.I kind of fell into the first investment by just renting my house instead of selling it when I got orders.

If you cant generate $500 of cash flow or put down 50% of the purchase price, then you should not.

My website has started to get more traffic from the search engines.

I seem to be getting leads daily now.

Ones this week came from USA states of PA, WI and ME.

My website is a honeypot for sellers...

Frankly, BP is an awesome way to generate the organic relationships.My partner and I meet our buyers, get their needs and go from there.

Of course, that's a lot of equity that could be used elsewhere to generate more passive income.

Sadly, maybe not you but most of your generation have never had to work hard to achieve much of anything...it's all been given to them.