All Forum Posts by: Jacob Zinda

Check to see if the manufactured home is in a 55+ community. If so, anticipate longer hold cost as these typically sit on the market for much longer. 

If you are just getting started and do not currently have a home I suggest house hacking by buy buying a single family house or duplex, and renting out the rooms. This will allow you to only have to put 3.5-5 % down. Your saved capital invested faster especially in an expensive market like San Diego. If you are saving and don't want place you money in a short term holding like stocks I recommend starting a high yield savings account. This will give you a 3% return on money you have in the bank. 

@Phyo Ko Unfortunately, as a California landlord you don't have much choice in the matter. Offer them Cash for Keys and hopefully they accept the offer. A law was just passed in San Diego that you have to give a 6 months notice to a tenant if you are going to sell a home and would like them to move out. I wouldn't recommend keeping the tenants that are in place because you can only raise the rent 9.5% and that is no where near market rent if the tenant is only paying $1480. I had a similar situation and gave the tenant the opportunity to stay for 4 months while they find a new home, every month that passed their Cash incentive decreased. Tenant moved out within 2 months and we both left on a good note. 

Hi BP community, 

I want to get more involved in the real estate community on a professional level. I currently have a great job in the medical field (that I want to keep) and have one unit in my portfolio.  Are there any part time/second job that can help me get more connected with the real estate community, build a network and hone my skills as a real estate investor. 

Thank you for taking the time to read my post.

Unfortunately, new comers in the space will have a very small chance to get a bid for and STR license in SD unless you decide to invest in mission beach where these rules don't apply. (sounds like someone in office had a lot of rentals in mission beach) If you want to invest in San Diego with short term leases I suggest looking to invest in 1 month furnished unit leases. With the location of where you work becomes more flexible, vacation destinations such as SD will become more desirable for the "Digital Nomad" types who want to live near the beach during summers and in the mountains during winters.

Unfortunately, you will have the be the "mean" landlord for a request like this. The fence is perfectly functional there is not reason to pay for a new one. Section 8 can be tough to cashflow without serious rehabs such as this. I recommend simply declining the request and suggest to lock her back door if she is that concerned.

My biggest problem is deciding whether to sell my home that has built-up equity or list it for rent. It is currently between tenants and would like to buy a new primary residence possibly a multifamily deal. I think the best option would be to rent the property and pull out a HELCO to help with the down payment of the new primary residence/multifamily complex. I would be able to afford a nicer/bigger complex if I were to sell the property but I don't want to lose the current cash flow and loan rate I currently have. I would love to hear the communities opinion.  Thank you! 

Hi Ben, 

As a relatively new investor myself, I recommend sticking with a more expensive market than going to a cheaper one if you are looking for a less hands-on approach to investing. I lived and invested in an expensive market in San Diego and in a cheaper market in Pittsburgh. Now that I have experienced both I recommend sticking with a more expensive market. Speaking with local investors gave me a good picture of a cheaper market and there are a lot more issues that can come up in a property. (roof leaks, plumbing issues, HVAC problems.) These issues can really cut into your ROI. It's not that San Diego properties can't have these issues but the harsher weather conditions in some of the cheaper markets can have a toll on your investments.