All Forum Posts by: Casey Murray

@Mike Lowery You increase your odds in obtaining cash flow and a better ROI when going inland. Point being that coastal properties are, especially in this current market, overpriced. I am more familiar with the North County inland area of San Diego. Cities I'd recommend include Escondido, San Marcos, Rancho Bernardo and Mira Mesa. The market is still hot so I'd highly recommend working with a savvy agent/broker to get a deal. Best of luck.

@Kevin Wells Welcome to BP. The forums and blogs are as good as gold. Researching the San Diego market and picking a niche will help accelerate your real estate investing success. There are also multiple REIA clubs throughout San Diego. Best of luck.

@Parker Cox I've been the same with NSDREI group with being on the fence in joining. I've been a couple of times and really liked it. The best sources I use are the SD Union Tribune (as mentioned by Dan below) and SDAR. I'll keep digging and let you know the results.

@Dan H. UT is a great source but one big aspect of real estate investing is having the knowledge of projected events that will impact the economy and thus the real estate market. UT only covers what's happening at the moment, no forecasts.

Can anyone enlighten me what resource they use for real estate market forecasts? I'm primarily interested in multi-families across San Diego county. It would great to find a resource that lays out where projected economic shocks will hit each city and possibly a format that presents where rents are expected to appreciate the least/most. I use a couple of websites but nothing that provides in depth analysis. Thanks in advance.

@Antonio Gonzales thanks for sharing this content. Great to see San Diego move up to 16. Curious to see how much weight is placed on San Diego multi-family properties that cash flow (currently tough in San Diego) compared to properties with projected appreciation (seems appreciation is limited since we're towards the top of the market). 

Welcome, Aleesha! I'd recommend to pick a niche with your investment strategy. There are also a number of great REI clubs throughout San Diego; Vista probably being the closest to you. Best of luck.

@Dan H. you pose a great question. I'm about 6 months out from acquiring my first investment property but am interested in seeing how the numbers pan out. Based on my experience working for a commercial real estate investment firm as a CPA, capital expenditures can easily be skewed with a sudden and costly repair (new roof, flood, etc.). But, a benchmark is still vital to have when budgeting NOI for a property.

You have a better shot finding deals for properties that are more inland; coastal properties are arguably overpriced which really diminishes cash flow potential. I agree with @Dan H. in finding properties before hitting the MLS. Best of luck.

I agree with the general consensus here; save your money. Keep learning and growing your niche in real estate and refer to BP as a solution to any answer you encounter. Best of luck.

@Jason Mak - these are crazy numbers dude, congrats. Based on your experience, do you prefer a certain class of investment over others (i.e. multi-family, commercial industrial, office, hotels, etc.). Being able to pass on expenses to tenants in a commercial property with a NNN lease is seemingly a competitive advantage over multi-family (unless you have separate meters assigned to each units) and hotels. Just curious given your wide array of investments in your portfolio.