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the problem with calif real estate as an "investment" is that you have to take your money on the come.
by that i mean that rentals typcially are too far below the carrying costs of sale prices, and if you factor in rent control municipalities you are fucked unless you owner-occupy.
traditionally property should rent for about 1%/month of market value, and should be able to break even or have positive cash flow when the investor puts 20% d.p.
this is very rare in california.
if you want extreme leverage you must find properties that will break even with almost nothing down.
and there are some place like this in america if you look carefully and make many offers, and buy and sell on owc wraparounds.
but not in california.
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