All Forum Posts by: Saumon E.

@Reba Marabotto very good information, thank you! I think cash purchases make sense, but as someone who will be utilizing leverage, numbers can be tough. I might have to reconsider out of state options. 

@Tim G. Sure - agreed! As someone who is just starting his investing career, I considered Temecula as a possibility given the lower price points and potential for appreciation, but it sounds like positive cash flow in the current market anywhere in San Diego with a ~20% down payment is slim to none. What are your thoughts on that as a local investor? Does this mean only flips make sense in this market?

@Tim G. Over what period of time? Short term? Because with low to no cash flow potential, I think appreciation would be the main goal for this kind of area. What's on your mind?

@Ben Biggs thanks for the reply! Are you seeing monthly positive/neutral/negative cash flow? And what about market for appreciation?

Hey BP,

As a SoCal resident, I'm considering my first RE investment to be somewhat local. With CA continuously realizing decent appreciation, I'm juggling the idea of invest here first before starting off out of state. Ideally I buy and hold for a few years, get rent to cover monthly costs, then 1031 out of state. 

This would help:

1) roll my capital into a larger amount

2) gain experience buying

3) gain experience being a landlord

Anyone else have experience in Murrieta or Temecula area?? 

Buy and hold is an option. AirBnb is another with Temecula's winery scene. 

Thanks in advance. Let's connect!

Hi can anyone recommend a property management company in Killeen/Temple area. 

Looking for someone who can help me decide on which houses would be good choices, how much they could rent for, and to fill them. 

Thanks!

@Bobbie Shae Melton very cool! I'll shoot you a message. There's a property I'd like to run by you :)

@Brian Adams I do love out of state, so I will for sure need to lean on a PM.

@Brian Adams its on the market and good point in me checking with a property manager. my agent told me the property already has a PM and they've been doing a good job managing it. I'll have to investigate that for myself.

@James Stevens and @Jason Perkins that's always a good sign! I'm definitely siding more with Temple now. 

Looks like next steps might be getting it under contract and then inspected and appraised!

Good tip! Thank you!