All Forum Posts by: Maxwell Ventura

@Jake Baker

Thank you! 

@Gaurav Banka Happy to assist!

@Namal Burman

Multi all the way.

Need more info from you but Consider 1031 your Mira Mesa condo or using a LOC to continue to get to your next deal(s) quicker. Aside from your personal residence, your previous 2 purchases were 11 & 15 years ago, respectively

@Bill J Fay

Great contribution! Added to my bookmarks 

I'd recommend getting 2-4 quotes from reputable GCs with extensive experience here in SD. I have a few I can refer if you still need.

Walk the property w/ them and discuss necessary scope of work depending on your goals for the rehab. 

Good luck!

I have a client (who is a traditional lender) in a similar situation. I can refer you to someone that's helping him w/ his loan product.

Feel free to shoot me a DM 

@Allan Pan I have a client that purchased a 1br/loft condo in little italy here in SD that he is using at STR and doing well, which would be closer to your price point.

You just have to be cognizant of the HOA CC&Rs, most of them have restrictions of 30 day minimum rentals.

🙏🏼 

@Amanda Black

Your investor friend you met w/ makes a valid point, however a significant portion of your total return investing in SD RE will come from appreciation. It seems like you also have the opportunity w/ this property to force appreciation through some cosmetic fix ups. Since the margins are bigger out here, your upgrades could likely go further too.

Of course there's the also the benefit of owning locally. Additionally, after 2 years if you decide to sell to trade up you can take advantage of capital gains exclusion and not pay any taxes on the gain.

@Moshe Marciano

I recently helped an investor from Orange County purchase a single family home here in San Diego. The plan is to acquire a tier 3 license. We've been hovering around 1000 for the last few months. In addition to STR'ing the main house, he is building 2 more units (ADUs) on the back side of the property. Should be a great investment when it's all said and done. Super low vacancy rates in SD, even STR's.