Buy and Hold in Temecula? 2-3 years.

[Saumon E.]

Hey BP,

As a SoCal resident, I'm considering my first RE investment to be somewhat local. With CA continuously realizing decent appreciation, I'm juggling the idea of invest here first before starting off out of state. Ideally I buy and hold for a few years, get rent to cover monthly costs, then 1031 out of state. 

This would help:

1) roll my capital into a larger amount

2) gain experience buying

3) gain experience being a landlord

Anyone else have experience in Murrieta or Temecula area?? 

Buy and hold is an option. AirBnb is another with Temecula's winery scene. 

Thanks in advance. Let's connect!

[Ben Biggs]

Hey @Saumon E.

Great Idea! I have sold many homes up in Temecula/Murrieta area and am a big fan. 

I would say it's a no brainer to grab something up there for the right price, when I have clients that want to buy there every time they are thrilled about their decision. It's a fantastic area for rentals as well, as a good portion of the military who work down in San Diego rent and buy up there due to the proximity to great  schools, shopping and larger homes for less money. 

The only thing I would say about your strategy is that I would encourage you to try and keep your initial purchase here in SoCal and get creative about a new purchase somewhere else or in less expensive areas of San Diego. Me personally I'm all about doors and at the end of a 10 year investment cycle owning as many as possible. 

hope that helps! 

-Ben Biggs