Going from a $232K purchase to a $575K sale is no small feat, especially with a full excavation of the foundation and reframing involved.I’ve got a buddy who tried something similar outside San Diego last year.. he had to reinforce the entire property with a new slab and rebuild the interior layout from scratch.. definitely not for the faint of heart, but his final sale price turned heads in that local market.

Happy to share some of my OOS investing experiences (got started back in 2021 as a OOS investor living in San Francisco). 

Quote from @Desiree Doubrox: Quote from @Desiree Doubrox: Investment Info:Other commercial investment investment in San Diego.

He was in charge one year for the military NAcom joint command fire efforts for San Diego up to the bottom of LA.

It reminds me of a buddy of mine in San Diego who realized early on that the investors who stuck around longest weren’t just chasing the best cap rate..they were sticking with him because he made them feel like they were part of something that actually mattered.

Purchase price: $1,200,000 Cash invested: $1,500,000 Purchased 12 bedroom, 12 bathroom boutique hotel, steps from the Sea of Cortez and beach in San Jose Del Cabo., Mexico.

The industrial buy and hold buyers have virtually dried up in San Diego.  

I know how you feel coming from California, I used to live in San Diego.

I think it was a couple from San Jose area that bought it. 

Quote from @Wilson Lau: Hi @Arron Paulino, I am working with a client now looking at the Contra Costa County (Pinole, San Pablo, Brentwood) and happy to share with you some insights in DM.