All Forum Posts by: Anthony D'Angelo

@Brandon Heath

It's nice that I have to ability to see the listings as they come in since I am a Realtor, but with the price point being so high it's still not easy trying to get great deals. I need to really comb through and find what makes sense. I'm also seeing that people are getting the better deals with all cash offers, which unless you have the money or access to cash it's tough to compete, but it's still possible.

Hopefully this helps, let me know if you have any questions.

Anthony

Welcome @Wayne Kilgore

BP is great, a lot of resources here. San Diego is a tough market, but it's possible to make money here if you are patient. I'm new on here too and I'm currently looking in San Diego now.

Good luck!

Anthony

Hey @Brandon Heath

I'm in the same boat as you, I want to invest in San Diego because it's what I know. I've found very few (if any) properties that make sense. I've spoke with some members on BP from San Diego and they've told that they've invested in other states to make cash flow but very little capital appreciation. In San Diego it's a different ballgame as you know, you buy a property for $300k in 5-10 years it could be worth $400k, in other states you buy a property for $100k and in 5-10 years it could be worth $110k. It's pretty much what you are looking for. If it's instant cash flow, then I would say San Diego is a hard place (and expensive place) to invest.

Good luck, I will keep checking back on this post and see some of the feedback from other BP members.

Anthony

It's possible if you get lucky, I have clients ask me that question all the time, here in San Diego, and it hard finding anything that makes sense (if you're talking about cash flow) I've been looking for myself also and was able to snag a 5-plex just as it hit the market, but haven't found anything as of lately. Good luck on your search! 

Yes, based off of the that. It looks like 30 days. I gave our tenants 60 days because I went off of

http://www.dca.ca.gov/publications/legal_guides/lt-2.shtml

Yes also for the 60 day notice to remove a tenant.

Anthony

I agree with @Tim G. 100%, you are not evicting them, you are cancelling a month to month contract. Evictions are usually for Non-Payment and under circumstatnces where you have to take them to court.

Here is the rules for increasing rents in California.

How much advance notice must the landlord give the tenant?

If you have a month-to-month (or shorter) periodic rental agreement, the landlord must give you at least 30 days' advance written notice of a rent increase.

• The landlord must give you at least 30 days' advance notice if the rent increase is 10 percent (or less) of the rent charged at any time during the 12 months before the rent increase takes effect.
• The landlord must give you at least 60 days' advance notice if the rent increase is greater than 10 percent of the rent charged at any time during the 12 months before the rent increase takes effect.

Hope this helps.

Anthony

Hi @Mathew Deines

Congraulations of the purchase of your 4-plex. We just closed on a 5-plex in San Diego in Feb, remodeled the whole outside area increased the rent $550/mo total. You need to give the tenants a Sixty-Day Notice of Change of Monthly Rent and a Sixty-Day Notice of Termination for the tenant you want to evict. You could do it your self, I believe the forms you could find online so you can save money if you don't want to go to a property management company or lawyer. Same thing for the lease agreement, you could get it online or sometimes at an office supply store.

Hope this info helps. Let me know if you have any other questions.

Anthony

Welcome to BP @Daniel Peimbert

I'm also new to Bigger Pockets and real estate investing and want to hit it big here in San Diego. A lot of info on this site, it could get overwhelming.  I got my real estate license in September of last year, so I am also a new Realtor. Good luck on your test, it's not that bad, I recommend doing the practice test over and over until you average around 85-90% before taking the state exam. Take care.

Anthony

Hi @Jody Rouse

Welcome to BP! It's a great place for advice, tips you name it! I'm new also to BP and investing in San Diego. I'm a Realtor and I look for deals to buy and hold but a lot of them don't makes sense here. Unless I cash flow I don't want to buy it. I'm more of a kick the tires type of investor and want to self manage my properties and want them local, so I haven't look elsewhere other than San Diego, but I'm not totally against it to find cheaper properties that cash flow.

Thank you @Isaac Guzman

 Yeah I know what you mean, you could read 100s and 1000s of books, posts, podcasts but nothing is like hands on to learn. It would make it so much easier to shadow someone who has done it and been successful so they teach me step by step and I could follow their success path.