Moving to San Diego

[John Matthews]

Hey all,

Been investing in Philly for the past year, purchased, rehabbed and rented out 8 properties, but my wife just matched for residency in San Diego, so we're making the move in June. I'm looking to stay active in Philly, but also looking forward to seeing what San Diego has to offer. Definitely a different market, so any assistance / tips are appreciated.

Can someone point me to any good SD REIAs?

Thanks!

[Kenneth Ho]

Hi John.   (I grew up here and currently a resident.  My girlfriend is also an active agent.)

Very easily a renter's market.  Depends on your investment capacity.  On larger scale, I would definitely seek out Anything from Hillcrest and east to North Park.  Next door is City Heights and great for smaller scale.  Vacancy rate is good -- practically none in normal heights or thereabouts. Gets a little less desirable in big picture after that -- from what I can tell in next 5 years or so.  

Are you looking to buy multi-unit and live in one yourself?  Or strictly IP and manage from afar?