Live-In Flips in the SD Area

[Vincent A. Cipollone]

Bottom Line Upfront: What's a good neighborhood in San Diego that would be a good candidate for a live-in flip/rental that you would feel comfortable living in with your spouse and mother for three years while you deploy for nine months at a time?

More Details:
I am military and looking to transfer to sea duty in San Diego around this time next year (July 2021). It is not set in stone but I figured it was a good time to explore my options in terms of where to live. Since I will only be there for 2.5-3 years, I don't think it makes sense to buy a place that would be considered a "forever home" that wouldn't rent for what the mortgage payment would be (I intend on using VA benefits).

I'm looking for a neighborhood that is safe (for my spouse and mother while I am gone), has an acceptable commute to NAS North Island, and would fit the requirements of a flip OR long-term BRRRR-style rental. My goal is to sell the home for a profit OR rent out the home in 2023/2024 when I leave San Diego for my next assignment. I am trying to avoid purchasing a turn-key property that I would take a loss on or would not cash flow once I move on from SD.

I am very early in my search for a property so real estate agents, feel free to reach out with the understanding that me going to SD may not materialize due to needs of the Navy.

[Michael Sjodin]

@Vincent A. Cipollone

Lemon Grove, Vista, and Chula Vista all have great neighboorhoods that are greatly appreciating and have homes that could use a little love next to renovated houses. Just be sure to check out each neighboorhood before you invest. Some of those areas have different conditions a couple blocks away from great locations.