Types of homes to purchase
Townhome or Traditional single family home in the San Diego, CA market place. Which of these properties would make a better investment? If I'm looking to BRRRR. Anyone with experience on this?
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If you're looking to employ the BRRRR strategy, I would definitely recommend targeting single family homes over townhomes.
The BRRRR strategy necessitates adding quite a bit of value in this market, which is much harder to do with a townhome due to your renovations being more or less limited to primarily cosmetic interior improvements.
The HOA fees that come with townhome ownership eat directly in to your returns as well, which will hurt you when you reach the last "R" of the acronym - repeat.
That said, let me know if you'd like to chat about the best way to go about the BRRRRR strategy in SD. I'd be more than happy to help!
Kevin