Hello everyone on Bigger Pockets! My name is Nick Thompson and I'm a 24 year old newbie investor from Mid Michigan. I have been trolling the site for a few months now, and have listened to all of the podcasts. After J...

I don't think you will find much of that in Bay Area type locations.Frank

However I am in the SF Bay Area and my portfolio is all stuff on the lower end of price scale by our crazy standards.

Also I recommend locating a local property manager to assist you on an as needed pay as you go basis for helping with move-in paperwork, and to be on call for those times when you are not available or out of state on vacation, etc. especially if you will have an apartment building which tends to be a lot more work due to typical more transient tenants.Go ahead and contact me directly by email at [email protected] and I can either assist you in the San Francisco Bay Area or refer you to someone if in other parts of Cali.

Ideally these would be located in the San Francisco Bay Area, however, we are also looking into out-of-state properties that would generate a higher rate of return than our local area (local caps have ranged from 3-4% based on my calcs).  

@Udayabagya Halim The FIBI events in Long Beach and South Bay are good meet-ups to attend.

There's always gonna be a huge amount of irrational investors with loads of cash in dear need to leverage it so your 20% down will get you a $1MM SFH that will rent for an amount that covers 100% your operating cost hence, investors see it as 5x multiplier (via leverage) of their liquid cash and hold onto it because it's a high appreciation market (point in case San Fran Bay area sees 15% appreciation in past 2 years... u-hu.. bubble bubble they scream).

Hello fellow BP members,I am a new member from Palm Bay FL, but commute to work in Orlando.

I really don't know where you see this problematic, I know of about 3 guys out of Bay area that came out here and love it and continue to buy.

I  also live in the city and moved my investment search to the east bay as the city has become ridiculously expensive.