Thinking about investing in Palm Springs/Desert Hot Springs, CA?

[Richard Naimy]

Hello to all my BP peeps,

Thinking about investing in Palm Springs/Desert Hot Springs, CA? Wondering if anyone in the community if familiar with this market? Looking to purchase a multi family unit?  What areas are good or bad?

Thanks in advance! 

[Gabriel Mendez]

This is an area that i have been interested in and have knowledge of the area. My girlfriend grew up in DHS and both her parents still live in DHS. She does not like the city at all due to poverty and gang issues. If you are looking in DHS specifically i would keep an eye out on the crime rate in the neighborhood.

On  a more positive note, Desert Hot Springs (DHS) is an up and coming city that will be big in the marijuana industry. They have already started converting lots to turn into commercial grow sites. This could be huge in terms of turning the city around and bringing revenue to the city.

I was just in Palm Springs for New Years and noticed lots of construction going on. They are renovating a lot of the casinos in the area as well. I see this as positive for the future as well.

Just a little insight on some of the stuff thats going on in the area.  

Edi: also, might wanna look into short term rentals like Air bnb because DHS is the last city before the drive into Joshua Tree. Joshue tree gets filled up quick and could be pretty pricey so DHs would be the next best bet