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Wealthy Way
Why Multi-Family Rentals in California Are Very Unconventional
Mar 15, 2024
Exploring the demand for multi-family rentals in California despite negative perceptions, successful investment journey in Big Bear, challenges in cash flow and property development strategies, complexities of obtaining permits for development projects in California, addressing the housing shortage problem in the state
08:19
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Quick takeaways
- Investing in California real estate offers opportunities to add supply in a market facing a 2 million unit housing shortage.
- Developing projects with higher yield on cost can overcome cash flow challenges in real estate investment in California.
Deep dives
Investing in California Real Estate
The discussion revolves around the unconventional choice of investing in California real estate despite common perceptions of high prices, crime, and limited rental opportunities. The state faces a significant housing shortage of approximately 2 million units, leading to intense competition among buyers and renters, resulting in price increases. The lack of new construction further exacerbates the housing demand and contributes to rising prices, with investors seizing the opportunity to add supply in a market others avoid.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode