All Forum Posts by: Javier Mendez

Wow, amazing replies everyone, appreciate the community! Some high level question for all, whats the gold standard on getting STR comps on nightly rate and vacancy rate? Use AirDNA data or manually go into Airbnb to get prices and availability calendar. I tried the latter but wasn't getting much feedback on availability. Appreciate any links to other posts explaining methodologies. I realize my budget would be mainly driven by this calculation. I don't think I can justify a 1mil investment home but 700K +/- 50-100k won't be the end of the world if the numbers make sense.

Second question, if I need to pivot into a LTR, should I try putting a bigger weight on school ratings? 

@Kenneth Donaghyappreciate the response! I grew up in the golden hill area many years ago and love how much its progressed. What are your thoughts on the grant hill/Sherman Heights/Logan Heights areas nowadays? I remember how bad some of these neighborhoods where a long time ago but they just seem to be in ideal locations --curious if there's pockets of areas I should be looking at or whether I should avoid at all costs.  

@Dan H.very informational! I had no idea San diego was so anti-STR. What's the best way to keep up on these policies for someone living in the bay area?

@Mark Frattini great suggestion on Imperial beach, hadn't thought about it. Don't know that area much but are there specific areas you recommend I consider or stay away from? Do you see imperial beach as a good area where both STR & LTR could work. I'm not a big fan of Condos to be honest -- Don't like the thought of a lifetime of HOAs. I think It would have to be in a very prime spot (beach front) for me to consider it but perhaps I should get more educated.

@Rob C.amazing feedback, just the type I was looking for! Oceanside is the area that seems very interesting to me but I know very little about. What are your thoughts on property more inland ? Do you think paying a bit more premium for staying west of the 5 is worth it for the area? If not, any feedback on neighborhoods east of the 5 would be greatly appreciated. 

@Bernardo Mazon what areas of Chula Vista are you looking at?

Hi everyone,

I'm considering an investment property in San Diego and would appreciate any help. Considering a single family home I can Airbnb and use as a vacation home when I go visit family in the area. Budget I'm considering is <700K -- credit report and downpayment should be no problem. This would be a long term buy and hold for me. I'm not located in the area but I have family in the area that could help with rehab, if necessary -- closer to move-in ready would be ideal but not a deal breaker if its in a solid location. I'm not necessarily looking for a high ROI property since I'm banking on appreciation and plan to frequent the area to visit my folk. Location is really important to me though.

My main question is any recommendations on locations I should be looking at? I really like the golden hill/south park area due to its proximity to downtown and being so central (assuming its great for ABNB). Would love to hear some opinions on other areas to consider. 

Lastly, whats the market feel from local investors/agents? Are we in a seller's market? I'm not in a rush to be a buyer and have patience for a good value property. 

Hello everyone!

Looking into home-ownership in the near future and a potential beginning of my real estate investing. 

Really interested in the "house hacking" approach but really intimidated with the current prices of houses in south Bay Area and whether it's a good idea to start here.

Looking forward to learning as much as I can and please let me know good books to read!