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Updated almost 8 years ago on . Most recent reply
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Do I Pick a New Area?
I'm using listsource to build a list of multi family properties in my target areas: Apple Valley, CA and Hesperia, CA. Using the below criteria, the list is only yielding 515 results!!! Do I even bother with this list? Or do I find another farm area?
I really want a multi in THAT area (see context below to see why). But I hear so often about people mailing lists of 1-2 thousand properties to find 1-2 deals... This will be my first mailing campaign, so any input from seasoned investors is welcome. I plan to drive for dollars as well, but I view the mailing list as the one thing that casts the widest net- and right now that net doesn't look so wide.
CRITERIA
City: Apple Valley/Hesperia
Equity: 30% - 100%
Prop type: multi, duplex, triplex, quad
WHY THAT AREA:
I have a triplex in Apple Valley, CA (my first investment property), 2 hours from my primary. Since I've acquired it, I've established some contacts out there that make self-management painless for me. I do the management and have some boots on the ground to execute under my direction. It's working out very well. Given the above, I really want to find other rentals in that area (Apple Valley or Hesperia) so I can take advantage of that mini network I've built.