Introduction, Looking for San Diego advice

[Stephan Ketterer]

Hello,

my name is Stephan, living in the US for ~3 years and recently moved to San Diego ( my wife and I love it here). Due to tax reasons I will move money from my home country (Germany) to the US  ~200-300k and looking to invest in real estate.  Given the San Diego prices I wonder if its a better idea to look for opportunities in Las Vegas or Phoenix since they are a short flight away. I am not looking to buy a single house (too much concentrated risk).  I am happy about all tips how I could maybe invest in the San Diego area after all given my budget (1-1.5M given 20% down)

Sincerely

Stephan

[Maxwell Ventura]

@Stephan Ketterer

Many reasons to invest in SD: 

• Median sales price increase year over year approximately 10%
• Months supply of inventory down to 1.2 (lowest we've ever had). 
• Very low supply to high demand. 
• SD increases in rent 3-4% a year. An increasing rental market will generally follow a similar trend line w/ an appreciating market. Know that cash flow is actually quite good here, just not INITIAL cash flow generally. 
• Tech Boom is happening now here in SD. Prices started to skyrocket around June when Bay area, Boston, & NY tech related careers started to work remote and came here. 
• Inventory shouldn't change much over the foreseeable future. Running out of room to build and new construction isn't keeping up w/ demand.
• Recommendation is start w/ a 2-4 unit w/ a value add play. Majority of opportunity is in Metro SD, National City, Chula Vista and Oceanside / Carlsbad / Vista up in North County. 

Your total return will should great on a spreadsheet when factoring in compounding interest from appreciation over time, along w/ cashflow, prinicipal paydown, & tax savings.