Newbie in San Diego, but not investing here

[Keith Kaufman]

Hi all. Joined BP a couple of weeks ago and quickly realized I needed to join the Pro side. Not because I am one, but because I want to be one. Anyway, about me: I live in San Diego, where every type of real estate is expensive. I have had a couple of rentals in the past. One experience was great and the last one was, well not so great. Before venturing in again I decided to make a couple a changes, 1. Look outside of Soutthern California, and 2. Get more knowledge. so I just bought my first out of state (San Antonio, TX) single family home and I am looking to do more. Advice and recommendations are not only welcome, but greatly appreciated. Thank you in advance and I look forward to learning from you and maybe someday partnering with you.

[John Barr]

@Keith Kaufman I have been active in the San Antonio Market for several years now and from a cash flow stand point we have a great rental market. Pretty much the only area that I focus on is SFR rental property.

While I agree with @Will Pritchett on the over valued part I feel we are far less over valued as some areas of the country but you are buying for cash flow not some much as equity. That being said over the long term you are going to win.

It isn't hard in the market to find houses that should cash flow at least $300 a month. The great thing about buying SFR for a cash flow rental property for the long term is even if values drop in the short term because of a down economy rent prices increase because no one wants to purchase housing when home values are falling.

You just need to be a little careful in the area that you are trying to invest. Depending on your strategy you need to understand where the good rental areas are. If you would like I can send you a break down on the city by zip code for a reference. Just shoot me a PM

I also put out a monthly market report that I can send out to you if you would like.

Happy Investing!