Visiting San Diego next week, interested in looking at properties

[David Antunes]

Hello BP San Diego,

I'm an aspiring investor, primarily interested in finding a multi-family property to house hack. I've been looking at listings for the past few months and know that multi-families aren't easy to find on the cheap. I'd be interested in seeing what's available on the market within a ~$900k budget. 

I will be visiting from June 25-29 and plan to use that time to become more familiar with different neighborhoods, and hopefully look at multi-family properties. I'll be staying in North Park, but I am open to looking at properties in areas further out (like Escondido, Vista).

Can anyone recommend any investor-friendly Brokers, or any meetups going on next week?

Thanks in advance!

[Jay Johal]

Hey David, 

I live in north park and its a great area. I've been following the local real estate and it's a tough market. A lot of the properties don't cash flow outright unless you put down a significant amount up front. Rentals in this market are strong and you can command higher rents for more "hipster" or "trendy" neighborhoods compared to Vista/Escondido/La Mesa/Santee. 

Another thing to watch out for is AirBnB laws are very dynamic in San Diego at this time. I house hack with AirBnb and a couple of my friends own Airbnb properties and are closely watching the news and the politics regarding airbnb. But with that being said, Airbnb can bring in 50-100% more rent. 

As for meet ups going on, I don't know of any. I am trying to discover and find those myself.