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Updated over 2 years ago on . Most recent reply

User Stats

47
Posts
23
Votes
Kyle A.
  • Investor
  • Las Vegas, NV
23
Votes |
47
Posts

San Diego Pros and Cons

Kyle A.
  • Investor
  • Las Vegas, NV
Posted

Just wondering from anyone with experience in SD mf/apartment market what challenges or benefits you've had. I know California isn't the most landlord friendly state, and it's obviously a more expensive/competitive market, but SD will always have great long term growth numbers....so on paper it looks pretty good. 

Thanks!

Most Popular Reply

User Stats

84
Posts
107
Votes
Peter Eberhardt
  • Investor
  • San Diego, CA
107
Votes |
84
Posts
Peter Eberhardt
  • Investor
  • San Diego, CA
Replied

These threads about “to invest or not invest in SoCal” are going to have two types of responses: those from investors that invest in CA and those that do not. I disagree with pretty much everything above, and yes I invest in CA, and hope to have everything in CA. Why? Because I live here, self managing for me is a big plus. I hear CA is more tenant friendly. Cool, if you do your job as a responsible landlord (follow the tenant laws), choose your tenants responsibly, and not be a slum lord, there is no more risk then there is anywhere else. Yeah it’s expensive “on paper”. But guess what, you can also make more money. I cash flow $3k on my 4plex after doing slight renovations. I would have to buy like 15 doors in the Midwest to get those same numbers and I wouldn’t get the appreciation. 

Don’t get me started on the tremendous opportunity for developers and the more creative minded investors that CA gives us with all these new laws on zoning and ADUs..

That’s my answer, I’m from CA and I invest in CA. If it was so bad then nobody would he doing it?  

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