[quote=Jazzman]You could buy 2-3 properties out is state for $300k, and if your investment is to be managed there’s another reason to look elsewhere. Why settle for 3% when you could get 10%?[/quote]
Agreed – and in fact you can do much better than 3% in Riverside county.
I’d look at cities around Phoenix. Sure, the rental market is saturated and the weather sucks, but the rents reflect that. $100k will get you a 4-bedroom in a nice area that rents for $1,100. $1,000 if you want it occupied fast with a better quality tenant. That’s great cash flow for $30k down.
