Let's talk about the investment opportunities available to you within a 1 hour Southwest flight south. Most of Silicon Valley and the Bay Area has become very expensive to buy investment properties. Good alternatives can be found surrounding one of the best growth cities in SoCal: Irvine.
Why Irvine? This city is master planned and very pro-business. It is building many new office parks and buildings to attract great companies. This would be a perfect place to buy a rental property but not possible in the multi-family arena. The city did not build 4plexes or small apartment buildings. If so, they are owned by The Irvine Company - essentially the developer of all of Irvine since the 1950s.
There are very good opportunities for duplex, fourplex and small apartment building purchases in surrounding cities such as Santa Ana, Anaheim, Costa Mesa, Huntington Beach, Garden Grove and Westminster. Vacancies are low, rents are strong and new apartment growth is limited. These class B & C buildings are in excellent locations, stable and can be upgraded to increase rents. Quality property management is also readily available. I am sure you will find the rates of return better than Bay Area options.
Aside from straight rental investment options, consider the benefits of a rental property in a top beach location. There are small rental investment properties in great beach towns such as Huntington Beach, Newport Beach, Laguna Beach, San Clemente and others in Orange County. A purchase of a fourplex can be a great investment plus you can allocate one unit for family (or AirBnB) use.
Let's have a conversation about your goals. I am sure there are some good options here for you.
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