San Diego Submarkets

[Jake Thompson]

Where in San Diego are you guys seeing the best markets for buy and hold rentals? I'm currently looking for a 2-4 unit in La Mesa, Clairemont, Chula Vista, or El Cajon. After that I intend on purchasing larger apartment complexes. I would love to hear some other's thoughts on the many neighborhoods of San Diego too though!

[Bruce Ellerd]

For buy and hold I think you're looking in the right markets. But you need to find a way to meet some of the property owners and start networking with them. They can help you find properties that may not be on the market yet.

The only other market I would recommend you look into are Santee and Lakeside. But I think you'd do better to focus on a specific area, like maybe Chula Vista and La Mesa and start introducing yourself to multi-unit property owners. The truth is if you're looking at 4-plexs and want to move up, you might as well start looking into bigger units now and maybe you'll come across a good deal. If they know you and trust you, then you improve your chances of going in with a favorable contract with no money down. They'll see your passion and want to give you the chance to fulfill your dreams, as long as they're protected too.