February 21, 2022 | MagMedLife
Investing in California real estate has always been a popular choice, but over the past few years, it’s become even more so. As prices have continued to rise, many people are wondering if it’s still a smart investment. In this post, we’ll take a look at some of the most common lies people tell themselves about investing in California real estate and why they’re not actually true.
Lie #1: It’s Impossible To Find Good Investment Properties In California
There is a common investing misconception among novice investors – especially in California – that states investing in real estate are only possible if you have at least half a million dollars. The problem with this mindset is that it keeps people looking for investment opportunities that are too big for their budget instead of finding something they can afford on today’s market.
This means that investing in California real estate doesn’t have to be out of reach, after all. There are many California properties available for investing right now, and they come at a variety of price ranges so that everyone can take advantage of investing in real estate.
Lie #2: Wealthy People Invest In California Real Estate
Everyone can find great investment opportunities if they look for them. You don’t have to go looking for million-dollar properties to be able to take advantage of investing in California real estate. We’re seeing more and more affordable homes being bought up by investors who want their piece of the California dream. There’s also the opportunity to buy multi-family homes or commercial properties that you can rent out as well as live in yourself. So you can still invest in California real estate without investing big bucks.
Spotting good investment opportunities is just the first part of investing in California real estate. You also need to be financially savvy and know how to manage the properties you own so they don’t become a financial burden for you. There are all kinds of investing courses available at any time – it’s well worth investing some time and money into learning about property management, tenants’ rights, etc. The more effort you put into investing in California real estate, the better your return will be!
Lie #3: There’s No Way I’ll Be Able To Find Good Tenants For My New Properties!
Good tenants are everywhere – you just have to know where to look for them.
Post your property on Craigslist or put a “for rent” sign in front of the house. If someone responds to this, ask them how they heard about the rental and whether they’re familiar with investing themselves.
Network both online and offline by placing advertisements on websites like Craigslist, investing-related forums, Facebook investing groups, etc. You can also try investing in networking groups or asking past co-investors for referrals to potential new tenants (and people they invested alongside).
Put ads in local newspapers or investing magazines if you can find them to attract potential tenants who are investing in California real estate themselves and know what it takes to be a good tenant!
Look up “apartment locators” online and see if any of them would be willing to help you find good tenants for your new property by networking with apartment complexes in your area where they already do business.
Put the word out on investing forums and chat rooms that you’re looking for new tenants – people investing in California real estate themselves might be able to help you find good tenants this way!
Lie #4: I Don’t Have The Money For Repairs And Maintenance – Investing In California Real Estate Is Too Risky!
Investing in California real estate is no riskier than investing in other types of real estate. In fact, investing in California real estate is significantly less risky when you buy at the right price and hold for the right amount of time. Maybe that’s why investing in California homes ranks so high among people looking to improve their financial situation through investing in real estate.
While investing can be a risk, that doesn’t mean it’s something you should avoid altogether. In fact, investing in California real estate could actually save you money because your existing home equity will cover the majority of those investing costs.
Lie #5: Income Is Quick And Easy With California Real Estate Investment
Truth: California real estate investing is one of the best ways to build long-term wealth, but it’s never quick or easy. This fast-growing trend provides tremendous potential for lifestyle businesses and cash flow – but investors must be willing to stick with their business for at least five years.
Prices on every investment property will go up and down just like any other market, so there is no way to predict exactly when profits will come through. Anytime you invest you run the risk that prices could decline just as quickly as they arise, causing a loss of money instead of value growth. Only invest what you’re able to afford to lose.
Many people think investing in California real estate is a quick and easy way to get rich quickly. Although you can make easy money investing in California real estate, the only true income comes from long-term investing.
So, what’s the truth? Are there any good investment properties in California? YES! There are many. And we can help you find them. Wealthy people invest in California real estate every day but you don’t have to be a millionaire to get started – we have programs that fit every budget. Finding good tenants is not as hard as you think – we’ll help you with that too. Don’t let lies keep you from investing in one of the best markets in the country. Income is not always quick and easy, but it is consistent if you find the right property and partner with us. Give us a call today so we can show you how easy it really is to invest in California real estate!
Are You Looking to Invest in Real Estate in Northern California?
The top real estate agency in Northern California, Sexton Group Real Estate | Property Management in Berkeley, California is a boutique real estate company specializing in residential sales for properties throughout the San Francisco Bay Area. To better serve our clients we have three local offices, one in the heart of picturesque Berkeley, one near downtown Oakland and the third in the heart of historic Lafayette, California. The Sexton Group encompasses the essence of Berkeley’s charm, Oakland’s history and Lafayette’s family-oriented vibe all with a relaxed, down-to-earth nature. We are an amazing group of real estate agents whose wealth of experience spans more than 25 years in the industry. Looking to buy a home in Contra Costa or Alameda County? Contact us today for your free consultation!