All Forum Posts by: Kenneth Ho

Quick question for an San Diego investors with properties in Windansea.  If I may ask, how are they performing?  What's the general market like for rentals and/or resale.  Trying to do some background of a multi-unit a stone's throw from the beach.

@John Matthews, so you are aware that the median property in SD is just over 500k? Not sure what your budget is, but SFR range from mid 500s and up. For a nicer area like North County and Coastal, you're easily north of 750 turnkey.

Investment-wise you might be best suited for somewhere around North Park.  Nice area, tons of flips, investment returns are doing well.  My brother is buying a second house and his condo has appreciated 150%.  

Obviously, a big factor is if you're all cash or how big your mortgage is. Condo or MFR is definitely a more profitable direction for SD, i would think. The majority of my girlfriend's (an agent) investment purchases are non-SFH with aim to hold. Duplex/Triplex is sweet spot in lower income areas cause rental rates are generally really good. My dad's friend has a 10 unit complex and it's NEVER vacant. Do you happen to need an agent?

Of all people, I think the corridor I mentioned previously will be the highest rate.  SDSU students yes, but that could also be a headache.  City Heights for instance tends to have close to if not 100 percent rental rate.  

@Laurel Galles how much woudl you be looking to spend?

Hi Unique.  Welcome to SD.  What are your franchises if I may ask?  

And that is one unique name.  Or just a moniker?

Jacob, here are your best bets from my POV in this order: City Heights, Grant Hill, Logan Heights, Clairemont, then La Mesa.  Anything further east just seems risky.  

Hi John.   (I grew up here and currently a resident.  My girlfriend is also an active agent.)

Very easily a renter's market.  Depends on your investment capacity.  On larger scale, I would definitely seek out Anything from Hillcrest and east to North Park.  Next door is City Heights and great for smaller scale.  Vacancy rate is good -- practically none in normal heights or thereabouts. Gets a little less desirable in big picture after that -- from what I can tell in next 5 years or so.  

Are you looking to buy multi-unit and live in one yourself?  Or strictly IP and manage from afar?