All Forum Posts by: Keith Mintz

I live in San Diego; the rent is just crazy. And my only asset is that I am under 30, single and can move to any place to make my dream come true. That being said, I significanlty lack knowledge in this field.

Please advise me of what you would do if you were me!

Thank you, fellow BiggerPocketters!

Hey Bruce, welcome to Bigger Pockets!

House hacking is definitely a good move for the San Diego market. I have done it a couple times myself. Born and raised here.

I specialize in STR & Co-living strategies. My best advice is find a place that has a few rooms with square footage to add additional rooms and an ADU. Rent out the other rooms with a mix of STR/MTR. And this is your best chance of house hacking while covering most of your living expense or maybe even cashflow if you buy in the right area.

Hope this helps!

0 Votes

San Diego, California

Quote from @Larissa Leeper:

Hello all! Started listening to BP last week. So grateful for the education!

experience: I’m on my 3rd flip

age: early 40s

day job: brand and web design/development

retirement savings: none

I want to learn about buy and hold to secure having SOMETHING for retirement!

Nice to meet you all!

Just for fun, I attached the before and current state photos of my current flip. Shock value. lol

That is awesome! Congrats! You sound super motivated, I am excited for you!

I have 2 properties so far that cash flow. I am now looking for my first flip opportunity. I specialize in creative rental investments such as STR & co-living.

How is your experience so far?

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Cincinnati, Ohio

Hey BP,

I'm a STR Manager & investor, and wanted to share a fun project! We came across a large single-family residence with two kitchens, right next to a commercial zone, that was previously used as a sober living facility. I have a soft heart for those who deal with these struggles, it felt like a meaningful way to combine doing good with smart investing.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact. I gave the house a harmonious name, & so far it has cash flowed from day 1.

Does anyone here invest in sober living? As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health. The City seems open to it as long as the contracts are structured the right way. I think I’ve covered my bases, but I’d love to connect with others working on similar models or interested in this niche.

Looking forward to hearing your thoughts! Any horror stories or good wins in this niche?

Keith Mintz

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San Diego, California

Quote from @Jordan Meltzer:

Hello - I own a mid term rental business that cashflows about $300-$400K per year annually and I split the proceeds with another owner.

I live in San Diego and am trying to purchase my first investment property

I have about 150K to put down but am struggling to find deals that meet my price point.

Does anyone have some creative ideas on how I can break into the market?

The mid term rental company is great but real wealth comes from long term ownership. I’m ideally looking to buy that first property in San Diego.

Thanks

The best way to beat the price of the San Diego market is STR or by the room rentals in an excellent location. Look for properties that have a few bedrooms and large square footage enough to add rooms and ADU. A couple great co-living options is STR by the room, Student housing, sober living, Senior care...

I specialize in these areas, and own a sober living home myself, it is doing really well!

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San Diego, California

Quote from @Marcus Stokes:

Quote from @Keith Mintz:

Quote from @Marcus Stokes:

Hello! I'm new to house flipping and feeling a bit apprehensive about moving forward with my first deal. Do any of you have some advice for this initial flip? Any tips or insights would be greatly appreciated!

Will you live in the house after flipping or selling right away? I have a few deals I analyzed recently to give you an example. I have a calculator I can send you too. There is a lot to look out for, just depends your criteria.

No, I will not live in it but I am open to holding it or putting it on the market. I have the bigger pocket calculator if you have one a little more detail I would love to see it

ok very nice! What area are you looking to buy in?

0 Votes

Atlanta, Georgia

Quote from @Marcus Stokes:

0 Votes

Atlanta, Georgia

Quote from @Ryan Rubel:

My wife and I live in Chicago and vacation in San Diego every year. We get a condo rental in Oceanside typically, and stay for 2 weeks.

I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB. We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.

Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.

How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage?

Any advice or tips would be appreciated.

Hi Ryan, definitely could be a great idea! I specialize in STR/MTR and I have managed a few in Oceanside. STR and Oceanside may have some restrictions last I checked, I would look deeper into that. Some ordinances restrict STR. If your taking about a condo, you mostly likely can't do STR because of the HOA. But MTR is allowed anywhere even with HOA, which still does well in that area.

Your budget is definitely workable! I have seen a few recently that I analyzed and look good for MTR. Feel free to connect with me!

1 Vote

San Diego, California

Quote from @Jeffrey Mair:

Hello, I am seeking advice or creative ideas to move closer to the goal of owning a home in San Diego county without the obvious solution of selling off my small rental portfolio. I am by no means a savvy investor so I would just like to hear other ideas that may be unconventional for a normal guy without much experience. I have 100k cash savings and ideally would like to keep the investment properties. Single family homes in our preferred area are approximately 750k. Affordability is no more that $4500 per month morthage/taxes insurance. Do I sell? Do I cash out refi? Do I have any other options? Thanks you for any advice

Here is my situation:

Currently renting 3/2 SFH in Santee,CA From my parents for under market rent but have a timeline to be out or in another property in the next 1.5 years.

We own 2 properties in El Centro, CA:

SFH 3/2.5 (built 2016) worth approx 650k. Owe 300k. Rents for $2800. Payment 2k interest rate 3.5%

Duplex 2x 2/1 (built 1950) worth approx 300k. Owe 150k. Combined rent $1950. Payment $1100. Interest rate 3.8%

In short this is how you do it...Find a flip opportunity, use hard money or what you got to buy, rehab it, re-finance it, boom. This process is easier to qualify for. Just depends how you go about the process and what loans you use. I have several San Diego flips I am analyzing right now and can't take on all of them. Feel free to connect with me!

0 Votes

San Diego, California

Quote from @Anita Z.:

Just getting ready to post my 3 bed/2 ba home as an STR in San Diego. I'm wondering how do you all screen your tenants? I believe Airbnb and Vrbo dont do credit checks is this right? If so, how do you trust you're getting a quality tenant that is safe?

Hi Anita, If you are using these third party platforms like Airbnb & Vrbo, you don't need to worry about screening tenants besides having settings on to review guest reviews and filter what you can; but in the end, both these third party platforms have insurance coverage anyways. We manage 100+ str and never had major issues where we needed more than the insurance these platforms provided! If you need any other help, feel free to message me!

1 Vote

San Diego, California

Quote from @Jeff Shaver:

Current investment property in San Diego brings in $5K a month, my net after mortgage/PM/etc. is around $650. I have roughly $550K in equity and would like to use that equity to invests in more properties. I have tried to do a HELOC but I've recently retired from the military and haven't started another W2 therefore lenders don't want to approve the HELOC. Should I sell and 1031 the equity into a apartment complex where I can increase my net per month? Also, after I do a 1031, how long do I have to wait before I can cashout refinance? Thanks for the advice.

My first thoughts are what kind of property do you have and what kind of rental are you operating? The answer to your question depends on the opportunity you have with your property. I specialize in 1031 exchange, investments, and creative rental strategy so I can confidently and deeply analyze your situation. Feel free to send me a message!

0 Votes

San Diego, California

All Forum Posts by: Keith Mintz

Keith Mintz has started 27 posts and replied 128 times.

Post: Hello, BiggerPockets! House Hacking Help Needed!

Post: Flipper… ready for rentals!

Post: Sober Living Investment

Post: Where to invest my cashflow?

Post: fix and Flip

Post: fix and Flip

Post: Short-term rental purchase, north county coastal. How realistic is this plan?

Post: Seeking Advice to Buy in Expensive San Diego Market

Post: How do you screen an STR tenant ?

Post: Need Advice on how to best use my equity.