All Forum Posts by: Maya German

Look into STR regulations first; Palm Springs is not friendly towards it.

Is New York a good place to buy multi-units in this market?

I need all the help I can get. I was doing all on my own and I see my mistakes now. I need a team

Thank you very much for all your responses. This is wealth of information that I need to consider. My properties didn't do well on cashflow because when I bought them in 2014 and 2017, I didn't know what I was doing. One good thing is that both properties have nice equity that's why I am considering selling them. One of them is in escrow already. I will be doing a 1031 exchange. I still need to figure out which way to move. This is my retirement nest. I am 45 years old. I have "9-5" job. After reading everyone's comments, I am more about appreciation of the property rather than cashflow. Of course, the cashflow is nice but I want to think long term. I want to eventually dial the process and repeat "rinse and repeat" my moves and learn as I go :) 

Has anyone acquired a property through Tax-Defaulted Property Auction? If so, do you recommend it?  

Hello everyone,

First of all, I am new to BP and I enjoy reading people's posts. So here is my dilemma.  I am selling a couple of my rental properties in San Diego, CA and would like to do a 1031 exchange on a multi-family unit. I am not sure if I want to buy a multi-family unit in San Diego because of the high costs. I would like to know what would you do? Would you invest in other state like TX or AZ or stay here in San Diego. Any feedback is appreciated.