San Diego Investor

[Coleman Doughty]

Hi All,

I work and live in San Diego, CA. A wonderful place to be, but not a great place to invest. I own a rental property in Laguna Hills and a primary residence in San Diego. However, with the way the markets have been reacting, I'm looking to invest in other states. Primary focus being on Richmond, VA, Charlotte, NC and Las Vegas, NV. If anyone has suggestions or wouldn't mind conversing about those areas, I'm all ears!

Currently, I'm looking to refi my rental in Laguna Hills (or sell) and purchase 2-3 rentals in those areas. Would be looking for property management as this is a part time venture for me. 

Thanks already for the great community, I've lurked for over a year and constantly come back for the forum and great tools.

Coleman

[Rod F. Hatefi]

@Coleman Doughty, I'd hang on to your Laguna Hills property if I were you. Investing out-of-state and managing a rental property from afar is risky business. Your Laguna terra firma is bound to continue to appreciate. Consider exchanging into a like-kind California coastal property if you need to exit. 

Let me know if I can help convince you to reconsider San Diego. You have to know which neighborhoods and property types have the highest potential for appreciation given changing demographics and the underlying health of the local economy.

I have a feeling that giant sucking sound of dollars flowing out of California will meet with disappointment ...