California is one of those states where you find all kinds of properties and where the climatic conditions vary hugely from place to place. You have places with moderate temperatures and you have places which experience all four seasons in their full glory. Traffic Jams, beaches and mild earthquakes are all characteristics of California. So there are a number of things to consider before you actually go for investing in California property.
The first thing to consider for investing in California property is to select the place/area for your California property investment. This is more applicable to individuals who are looking at California property more as an option for leading their life (rather than an investment option). That said, even if you have chosen the region for investing in California property, you need to be careful with selecting the location in that region i.e. the California property piece that will fetch you good profit. Generally, growth of business (e.g. big corporations acquiring land for establishing their offices) is an indicator of appreciation in property (whether California property or any other). That is the consideration with regards to new developments in California property or with respect to significant changes in the economic situation of a particular place in California. However, there are always opportunities and they are there everywhere. You just have to hunt those opportunities in order to profitably invest in California property. Post cards, phone call, public auctions, foreclosures etc are all possible opportunities/ways of getting a good deal for California property investment. You could also partner with the local attorneys in the region i.e. attorneys who handle property matters in case of death, divorce, defaults etc. These individuals can give you good leads on California property investments. In such cases, whoever gets the information first gets the advantage. You can really lay your hands on some good California property deals in this way.
Yes, that does take effort and if you were to think that cash can be earned without putting-in even that much effort, I would tend to disagree with you. A small amount of effort can really make a difference of thousands of dollars in terms of the California property deal that you get. Another good idea is to inform your friends in California that you are looking to buy a piece of California property and, in fact, let everyone know that you are looking for a piece of California property. A very good California property deal might come to you through one of your contacts, you never know.
So with the California property prices rising (as always), investing in California property does seem like a great idea.