All Forum Posts by: Irwin Dominguez

Hi Irwin,

You probably shouldn't advertise you have $700k to invest.  Lots of scammers out there.  Alina makes a great point about being an active investor.  This is important to know if you are willing to put in the hours to continue to manage your own property even if you have a PM. 

Now if I had $700k and living in San Diego I would stay local and invest in my local market.  Its a great market with historically solid returns.  I would sit and wait and search for the right deal.  It doesn't have to be a big deal.  It could be a 2-4 unit.  I could put 50% down or pay cash.  Sit collect the rent and have low risk.  I don't know the exact prices in that market but with $700k I know I can create a few thousand dollars of free cash flow a month. 

I can tell you what I wouldn't do.  I wouldn't jump into a market that I have no idea about and invest $700k of my hard earned money.  I wouldn't chase rates because I read some article that this city is up and coming and growth is coming. I would research for at least a year and do several site visits before investing out of state.  

I would not put my $700k into a syndicator either. That is way too much money to trust someone else with.  Lots of great syndicators out there that are trustworthy and have solid returns.  You can put a small % of your investment dollars into it.  I just trust myself first.  No one will care more about your money than yourself.

@Irwin Dominguez 

If your market is too expensive, look some place else. Potentially places you frequently visit or intend to visit, or where you have friends and/or family.

Also, have you decided that you want to be an active investor? Do you plan to spend a lot of hours investing or you have limited time? If the answer is the latter, then consider investing in someone else's deals as a passive investor.

@Irwin Dominguez What about going a little further east from you? Temecula or an area like that?