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Updated 11 days ago on . Most recent reply

User Stats

14
Posts
6
Votes
Breanna Green
  • Investor
  • Washington, DC
6
Votes |
14
Posts

Purchased 1/1 Rental Property but Difficulty Renting

Breanna Green
  • Investor
  • Washington, DC
Posted

Hi BiggerPockets!

I purchased what I thought was a great investment. I have a few other properties and they're all rented and doing well over the years. I'm familiar with the city/area and completed a 1031 exchange on a 1/1 in Hillcrest San Diego, CA for a good price below market value. I thoroughly researched comps, ROI, different markets, visited numerous places, etc. over the course of six months. The place sat empty for a bit and my current tenants will be leaving soon (contract ended, they enjoyed the home) with no one else lined up although I've had some interest here and there.

The place is designed for a travel nurse or potentially a student as it's furnished and close to the hospitals as well as walking distance to restaurants and bars. I know price would be the first aspect people would say to reduce but it's priced competitively. 

Let me know your thoughts! I'd prefer a long term renter so I don't have to worry about finding new tenants every few months. I'm advertising on Facebook travel nursing websites, Furnished Finder, and Zillow. What am I missing? Thanks!

https://www.zillow.com/homedetails/4077-3rd-Ave-APT-202-San-...

Most Popular Reply

User Stats

14
Posts
6
Votes
Breanna Green
  • Investor
  • Washington, DC
6
Votes |
14
Posts
Breanna Green
  • Investor
  • Washington, DC
Replied

Thank you everyone! Appreciate the support and glad to hear I didn't miss anything in particular. I'll look into what you all outlined and take action next week. 


Biggerpockets family is always so helpful, appreciate it! 

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