Buying Rental Properties In CA
Planning to buy some rental properties (duplex or fourplex) in Southern California, but frustrated with local RE market. Most of the listing prices are very hight and hard to make positive cash flow. My goal is to make even as long term investment. How would approach this kind of RE market or how would structure the deal to make it at least make it even cash flow.
Thanks
Casey
CRAZY descibes the market right now in CA.....Cash flow is difficult to find but not impossible....shop, network, get the word out...someone will know someone etc.....competition for the deals makes it even more difficult right now because when the opportunity does come around if you blink sometimes it will be too late... Use some of the strategies on here to market to the motivated sellers....for multi family properties maybe look around at places where it looks like the owner has just given up figure out how to get a hold of the owner and ask if they want to sell and carry the note, they continue to collect on their investment and you get to buy....... Be creative and dont lose hope.....this market cannot sustain the way it is...if the feds start to raise the rates things will eventually slow down and stabalize.........Good Luck
they have some great programs for 1-4 units out there. It is possible to make it cash flow. Personally in this market I like SFR better as rentals some areas are actually easy to cash flow due to high rental demand
hope this helps
if you need more info e-mail me at **Please See My Profile**
Can you tell me more about the program for 1-4 units? Never heard of . I'm looking at both 1-4 units and sfr. Most of the SFR I looked at are too high to get positive cash flow. Maybe I was looking at the wrong properties. What's your email address? I only have basic membership and cann't do PM or email. Mine is **Please See My Profile**.
Thanks
Quote:
On 2004-05-12 01:55, dejnik wrote:
they have some great programs for 1-4 units out there. It is possible to make it cash flow. Personally in this market I like SFR better as rentals some areas are actually easy to cash flow due to high rental demand
hope this helps
if you need more info e-mail me at **Please See My Profile**