All Forum Posts by: Account Closed

Thank you for all the input. I didn't get that house. Ended up buying a duplex in La Mesa. 

Well....I was overbid even though I offered full price. But after reading all these replies I am glad I didn't get that house. 

There is this two detached houses in one lot in La Mesa. One is  3/2 and the other....  2/1...seller keep dropping the price for lack of interests and is now down to for 560k. I called a property manager who said the main house could rent for approximate $2,100 and the studio for $1,000. Based on the replies I don't think this would be a good investment either. But would appreciate your thoughts on it.

Also if the asking price is 560k and they haven't got any offer....how much would you offer?

550k for a duplex in south Kensington (92116). 2/2 with a studio in the back of the house. Total 1,248 sqf. Seems that the house can rent between  $2,200 - $2,500

Studio I am not sure...I'd probably do short term rental. Does this duplex seems over-priced? 

Aaron, you are right I am having a very hard time finding a multi-family at this price. I think I'll have to go outside of San Diego to be able to get a duplex. 

Brent thank you for the information. I'll do just that. 

Casey I am only able to get a mortgage because I am putting 50 to 60% down. I'd get at least three properties if I qualified for putting only 3.5%

I sent you a message Paul. 

I am new to BP and to real estate. Very happy to have found this group. I'd like to hear your suggestions. I'd like to buy a multifamily to hold and rent. I live in San Diego and would prefer a property around here or not too far from here as I intend to manage it myself. Due to have a low provable income I am qualified to buy a house no higher than 500k putting 300k down. What would be an area in San Diego or nearby that could provide a cash flow? Should I get a duplex or SFR?

Thank you 

Would you please send the information to me.  I am looking for a deal.

I am new here too. Please share your journey!

Kevin, I am new here. Would you please tell me what are the "more cash flow friendly areas" in San Diego?

I am looking into buying a duplex and having a hard time determing what would be a good area.

Thank you