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Updated over 8 years ago,
Newbie Investor San Diego Buy and Hold Strategies
Hey guys! First off I'd like to thank the BiggerPockets community for the wealth of information provided. I am extremely new to real estate investing, but have learned more from this community in the last few months than I ever could have imagined.
I am interested in buying and holding SFRs/condos in the San Diego area, but have not been able to find anything that comes anywhere close to the 2% rule of thumb (I realize it's just a quick and easy rule and not the ultimate determinant of profitability), or the 50% rule of thumb (which in my mind is the "rental income must be at least twice the mortgage to cash flow" rule; please correct me if I interpret this rule incorrectly).
I primarily use sites like realtor.com, Redfin, and Zillow to find listings. Are there other places I should be looking to find homes that come closer to the rules of thumb? Is anyone having success with buying and holding in San Diego?
Thanks in advance for any advice! I'd love to hear your stories!
Taylor Robinson