All Forum Posts by: Irwin Dominguez

I would Recommend Temecula.  We sold our SD properties and bought in Temecula with excellent results.   Still close enough to be considered local for you, but the properties are 1/2 the price of SD, with excellent schools, great tenants, newer areas, etc.   Rents are strong and vacancy is super low. 

Just a thought for you. I'vebeen happy here.  Also, if you need an agent or property mgr we are here for you. 

@Irwin Dominguez I'm personally a fan of investing where you live. You know where the areas are you wouldn't want to invest when you live there. When you invest out of state you need to build a team that you trust which is hard when someone is making money off their advice. Your comment popped up for me because you mention your interested in Utah where I live and invest. We do get a lot of investors from California because our price point is better and we have a stable work base that is very diverse like California. Good luck on your hunt and I want to commend you for wanting to start investing. 

GC is great but he has made multi millions on CA sfrs so I would say if you know what you are doing consider or keep sfr on the table as you can add a unit to sfr with new CA adu laws. Especially the ones with detached garages. Good luck! 

Why not take a portion of it and try a SFH first? It is tough to know how to run a MFH without having done a single SFH first. I know what Grant Cardone preaches, but even he started with SFH. He made his mistakes there. I definitely think there is value on starting small so if you lose, at least you learn and only lose a portion of your capital. Risking all of your capital on one MFH with no prior real estate experience is not the best idea in my opinion. But I'm sure it is possible. I invested in 3 SFHs to give you my background. I have a model I use though that guarantees higher ROI since I rent out per room rather than per house. So each house is rented as if they are 4 units each.

@Irwin Dominguez

I second that you shouldn't advertise that you've got this kind of cash. I can tell you what I would do, but that will meet my goals. What are your goals for investing? Are you looking for cash flow with capital preservation? Are you looking to flip SFH or MF to increase that amount of capital?

I would buy a value-add apartment and increase the value over the next few years, then refi or 1031 into something bigger. In terms of markets SD could be a good one depending on your goals. There are plenty of other markets as well. Investing in several syndications could also work but you'll have to do research on the syndicator. So either way you shouldn't skip the education phase, either for learning markets or for researching syndicators. 

@Irwin Dominguez I am a San Diego investor as well looking to place equity in our local market in 2019. Im having lunch with @Jeremy Cisneros next week. The best way to get started is to sit down with other investors and make a gameplan, see what others are doing. Love to have you join us. Reach out to me directly and we can coordinate.