Is there any point in moving to California if you plan on getting into Real Estate Investing?? (tenants, property)

[ChickenNugget]

Hello.

As most of you probably know.

- California is Expensive.

- California is tenant-friendly.

These things make it a very hard place for someone who is interested in Real Estate Investing. It gets even worse if you are young, working an entry-job, and are just getting started in RE. That would be my situation.

So I'm basically wondering, if it is even worth it to move there.

Out-of-state Investing is an option. However I feel like you could do better and be less stressed if you were to just live in a different area and do local investing.. Especially if you consider that you could buy anfd live in a multifamily while renting out the other units.

Thoughts?

[BryaninMSP]

Why not invest in real estate in a market you already know? There are opportunities in every market if you have the right strategy. Better to invest in an area you already know than move to California and make very expensive mistakes — although they say that the best lessons are the most expensive.

[Suncc49]

You should stay in Atlanta.... your $$$ will go 3 times if not 4 times as far and there is money to be made there

[ChickenNugget]

Originally Posted by BryaninMSP

Why not invest in real estate in a market you already know? There are opportunities in every market if you have the right strategy. Better to invest in an area you already know than move to California and make very expensive mistakes — although they say that the best lessons are the most expensive.

The only reason really that I am considering California is because it seems like the dream state to me for regular life. It also helps that San Francisco is pretty much the Mecca for my 9-5 job.

Originally Posted by Suncc49

You should stay in Atlanta.... your $$$ will go 3 times if not 4 times as far and there is money to be made there

It's definitely the best option as of right now. Just considering my other options though.

[oregonwoodsmoke]

Because California real estate goes up so fast, it is an excellent place to be an investor. You don't have to do anything but wait and you make money.

The down side is that it is very expensive to get into the game. Once you are in, it is just hopping from one property to the next, but that first leap to get onto the carousel is a big one.

Rentals are a bit tougher in California because it is a socialist state and the tenants have more than their share of protection. Personally, I would stay far away from rentals in San Francisco because of rent control as well as crazily pro-tenant laws.

Atlanta is rumored to be a good place to have rentals if that is the game you are interested in.

[ChickenNugget]

Originally Posted by oregonwoodsmoke

Because California real estate goes up so fast, it is an excellent place to be an investor. You don't have to do anything but wait and you make money.

The down side is that it is very expensive to get into the game. Once you are in, it is just hopping from one property to the next, but that first leap to get onto the carousel is a big one.

Rentals are a bit tougher in California because it is a socialist state and the tenants have more than their share of protection. Personally, I would stay far away from rentals in San Francisco because of rent control as well as crazily pro-tenant laws.

Atlanta is rumored to be a good place to have rentals if that is the game you are interested in.

Yea, that is what I hear.

Now if only Atlanta could be plopped on a coast, and have other major cities with 3 hour drives like Reno/Sacremento/SF or LA/San Diego/Las Vegas.