In this conversation—originally featured on The Property Profits Podcast and reshared by The OMC Real Estate Podcast—Vaibhav Puranik joins Dave Dubeau to explain why California is actually his preferred market, and how he’s successfully closed multiple multifamily deals where others refuse to look.

Vaibhav breaks down why rent control isn’t always the obstacle it’s made out to be, how California’s capped property taxes create long-term predictability, and why steady appreciation can reduce volatility. He also shares how he attracts high-earning professionals in tech by focusing on education, transparency, and long-term trust.

If you’ve written off California without looking under the hood, this episode offers a grounded, experience-backed perspective on where opportunity can still exist.