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Updated almost 9 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Matthew Cain
  • San Diego, CA
3
Votes |
10
Posts

Having to move to buy because property is to expensive

Matthew Cain
  • San Diego, CA
Posted

I live and want to stay in San Diego, CA. I want to buy a multifamily duplex out here, but it's very expensive. Would it be a good idea to move to another city and find property there or continue to look in San Diego?

Most Popular Reply

User Stats

11
Posts
7
Votes
Israel Belovserkovsky
  • Investor
  • Solana Beach, CA
7
Votes |
11
Posts
Israel Belovserkovsky
  • Investor
  • Solana Beach, CA
Replied

Terrible @Matthew Cain, your probably young and a move somewhere cheaper would sound like a good idea, but don't do it, I am 59 now, I was born in what today is Belarus, in the worst poverty in the soviet union, at maybe 12 my parents and I left and live in New York, Detroit, Baltimore and Park City before I was 18 all because, my dad was not getting jobs we where moving to cheaper and cheaper places, my father settle in Baltimore, and his house never grew up in price and unfortunately never build wealth in the other hand, at 25 I came to California, worked odd jobs till I met a contractor and that's how I started getting sweat equity 3,000 bucks for 4 months of work, maybe 60-80 hours  living 4 in one room, but by the beach I was in Real estate heaven, and I was lucky enough to stay buy a house, do some rehabs, leverage my first house, rehab more, and more, now I live in Solana Beach Ocean View steps to the sand, life is not bad, and I am very glad I stayed here. just work hard as your body can take it I know, I probably seems fun to go with friends and stuff, now but if you work really hard 5 years you would still be young and can enjoy that money you work, for and keep doing more. so one day very soon I hope you have a nice beach home in La Jolla or what ever you please.

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