All Forum Posts by: Li Lu

@Doug Spence Thank you for your input!

@Doug Spence Thank you for weighing in. Do you mind elaborating on the tenant friendliness point? Apart from the COVID-related rent moratorium, what other policies make SD tenant friendly (and meanwhile landlord unfriendly)? Would setting a higher tenant selection criteria help lower risks of conflicts?

@Zach Cummins Thank you for your reply. Yes I already have a primary residence home in SD.

@Maxwell Ventura Thank you for sharing the market info. @Alice Huang

@Alice Huang Thank you for clarification. I was trying to say I'm lacking rehab experience. So for the 1st rental property it might be easier for me if it doesn't require extensive renovation.

@Sherry Chen Thank you. Your analysis makes sense to me.

@Maxwell Ventura Thank you for your input. I already bought my primary residence SFH in SD, so house hacking might not work for me. But I agree with you on the bullish prospect of SD market's appreciation potential. The initial vs overall cash flow perspective is interesting. With various industries (except tech) suffering from COVID-19, do you still expect rent in SD to increase in the near future (1-2 years)?

@Alice Huang Thank you for the suggestion and sharing your OOS experience in TX. I'm for sure interested in BRRR investing, but as a novice I'm more inclined to start with the buy-and-hold strategy.

@Mark Frattini Appreciate your advice! Local investing does seem to make more sense to me now.

@Sherry Chen Thank you for bring up the double taxation issue. Looks like CA residents can claim this tax credit for income from most states.

@Twana Rasoul  Thank you for sharing your experience!

Thank you Sherry for your reply. I already bought my primary residence SFH, so the investment property would not be owner occupied.

I totally agree with your assessment. If I invest locally, I'd be mainly expecting appreciation. Just hope to have at lease non-negative cash flows.

Since you mentioned tax, would OOS rental income be essentially tax-free in most cases considering all the costs (mortgage interest, depreciation, etc.)? I'm asking this because that's the case for most owner-occupied rentals; not sure if the same rule/law applies to OOS.

Thank you Twana. Yes I'm aware of the high property prices even in relatively affordable areas of SD county.

My cash would double in the next 6 months after another investment matures. Do you think it's worth waiting until then to invest in local properties?