California is one of those states where you find all kinds of properties and where climatic conditions vary greatly from place to place. You have places with moderate temperatures and you have places that experience all four seasons in their prime. Traffic jams, beaches, and mild earthquakes are characteristic of California. So there are a few things to consider before you actually go out to invest in California real estate.
The first thing to consider when investing in California real estate is choosing a place/area for your California real estate investment. This is more true for people who see California real estate more as an option for living their lives (rather than an investment option). That said, even if you have chosen a region to invest in California real estate, you need to be careful with choosing a location in that region i.e. the portion of California real estate that will give you good returns.
Generally, business growth (eg large companies acquiring land to set up their offices) is an indicator of appreciation in real estate (whether California real estate or otherwise). That’s a consideration in connection with new developments in California real estate or in connection with significant changes in the economic situation of a particular place in California. However, there are always opportunities and they are everywhere. You just have to chase those opportunities to invest profitably in California real estate.
Postcards, phone calls, public auctions, foreclosures etc are all possible opportunities/ways to get a good deal on California real estate investing. You can also partner with local attorneys in the area i.e. lawyers who deal with property matters in the event of death, divorce, default, etc. These people can give you good pointers on California real estate investing. In such cases, whoever gets the information first benefits. You can really get some great California real estate deals this way.
Yes, it does take some effort and if you think that money can be earned without spending a lot of effort, I tend to disagree with you. A small amount of effort can really make a difference of thousands of dollars when it comes to the California real estate deal you get. Another great idea is to tell your friends in California that you want to buy a piece of California real estate and, in fact, let everyone know that you are looking for a piece of California real estate. A really good California real estate deal might come to you through one of your contacts, you never know.
So with California real estate prices rising (as usual), investing in California real estate seems like a good idea.