Chosen by Asker

CA. In addition to the obvious fact that property retains its value better in CA there is a huge difference in the tax rates, CA is by far the better state.

by Landlord

2 months ago

Asker's Rating: 

Depends on where you invest and how much. Even in this "bottomed economy", houses in CA (especially in Southern CA where the real investments are) are easily 3-4 times the price of Austin.

by Ryan M- 2 months ago

I would not invest in CA. The market there is too unstable. The prices are low everywhere. I say buy where the housing value is more stable, like TX. Of course I live in TX and am getting my first investment property next month so I am biased. My boss has been using the site below to find cheap, wholesale or investment properties for about two years now. They list properties from around the US, but there are a lot that are for sale for less than 50% of their value. Another thing, you don't have to live where you have your property and in a Rich Dad seminar they actually recomend you DON'T live near your properties or you will micromanage and stress yourself out. That being said, check out the deals at the site below. I am sure you will be as amazed as I am. If you choose not to buy in TX, there are a lot of other great areas to invest in, just make sure you run the numbers before you buy it so you don't get ripped off. I would not pay more than 65-70% of the value of the house based on comps in the area (what the other houses in the area that are comparable to yours sold for in the last 6 months). Tax records are not always accurate, but it is a good idea to take that into consideration.

by jeep_girl_tx_24- 2 months ago