All Forum Posts by: Account Closed

Oceanside is a great area! Lots of military renters by the base. 

San Diego is the blue chip of real estate.  Everyone loves the California coastal cities! It is very hard to purchase currently but will be one of the best investments you could make if you hold onto it for 27 years.  House hacking sounds like your most likely option. I agree with @Dan H. multi family house hack and ask yourself were you want to live and make it happen there! Not much real estate makes sense here unless you have larger down payments or are very creative and are ready for a long term play after living in it.  We have flip opportunities but you have to be willing to put in a crazy amount of full time work to find them.   Keep reading books and educating yourself and always follow your gut.  Best of luck!

@Joe Koppel

If you have proper guidance from a CPA that understands real estate and the proper deductions.  You should not owe any income tax on the properties.  You can and probably will get a larger refund check if you are a w2 employee, due to the many deductions. There are some really good books written here by bigger pockets on the tax subject. Check them out.  Best of luck!

The zillow pre - forclusures are highly inaccurate. However may give you something to work with. Try forclosure.com this will work perfect and much better than zillow. If you have your real estate license also try RPR from NAR. If not, then forclosure.com is fine. Best of luck!

@Kevin Fox 

dude... Let's be real here. I am sure that you have the best intentions for each and every client, not what I was trying to say. My point to this young man was that he will have to go out and get the deal! That is were it will be found. If someone were to find a property that would cash flow 2% rule in SD or flip for a 200k profit , we expect them to just hand that to someone? I am very up front with my investors and let them know that I am an investor myself. What investor gives away amazing deals? NONE! Yes you can get property on the MLS but I don't know about you but currently I am bringing in an average of 12 offers per listing. Granted not everyone will have the marketing plan I do but you get the point of competition. Probably hundreds or possibly thousands of people already passed on the opportunity before you or I even saw it on the MLS. Yes my investors have made great money off the MLS but off market property is where the true value is. You must do the leg work to find anything that will make you good money. I was simply stating that this young man will need to hit the phones / mailers and the pavement if he truly wants to find a great deal! He can't wait for it to come to him. Best of luck.

Currently in San Diego it is really hard to make anything work on a monthly level. The best strategy to use here is to live in it and even after a rehab and a refinance you probably still will be loosing money monthly, unless you have a very large down payment! Unfortunately you may have missed the boat. Almost the only way to find something that works here is to find it off market and in distress or another major motivation factor for the seller. If that is found, I want to be perfectly honest with you more than likely if that person knows what they are doing they will buy that property themselves. So basically I am saying you will have to go out and get it here in SD. Nobody is going to find it for you and just hand it to you, and if they do I would be very concerned with what they are handing you. Properties can be found on the MLS still but they are very few and far between. My recommendation would be for a long term play here in SD find a spot that you wouldn't mind living for a bit with very good schools and low crime rate. Check out neighborhoodscout.com for a basic understanding of the neighborhoods also check out rentometer.com for a very basic estimation of rents also.

I found My Broker/ manager from reviews on the internet and in person interviews.  Yelp, Google business, zillow.  Hope this helps. Best of luck

That is a good down payment on a beautiful SF property. Why not rent out your current home and move into a new primary? Managing yourself. I would try and stay in SF if you can. Don't take it to the bank but I believe that over the course of that last 100 years the top 3 rental markets are SF,LA,SD in all aspects of gains overall. Everyone loves coastal cities!

the possibilities are endless, just have to find what your looking for.  Me personally like the idea of large multi family and a family vacation property or two ;)  Just depends on what you want!

@Evan Bell there are a whole lot of factors that go into that answer.  You will have to thoroughly break down your current investments performance and it's future outlook.  I have a feeling yes you will be able to beat it by performing a 1031 however this is not something that you rush into.  You will need to do a lot of due diligence.  My grandfather told me that there was only one reason to sell and that was you found something better.  Best of luck!