And for investor to put up money for this is just financial suicide.. there was guys down in San Antionio doing this preying on non english speakers.. just a sleazy way to try to make a buck nothing to be proud of.

It's sad to see so many of these threads after looking through BP today, but it was totally expected based on the insanely low rates a couple of years ago and realizing how commercial lending works.It's a bummer, but there's no such thing as passive investing and there's no alternative to digging into a situation and understanding it for yourself.

Hi all,This is insane.

While I am not in San Diego, I spent some time out there last summer (Ocean Beach) and loved it!

🌎 Hi, I am based in San Diego, CA.💫 We work with rental propertyinvestors and I’m always trying to learn more so we can educate our clients.

I came back from Tulum so much construction going on insane. 25x300 meters of land on beach side ( cant disclose where but so good) $900k.

*I USED to own properties in San Mateo Co CA (Silicon Valley)and found that the Building/planning dept was so malfeasant and next to impossible to work with that I sold my properties AFTER I spent YEARS trying to 1st get plans approved,** then completing the work.

Even at 100K/coin it still puts it at 1/4 of gold's market cap.Nice that is insane.

If I were starting over in your market, I would 100% focus on house hacking in San Diego.

This Millpond Ct property was an exciting opportunity due to its prime location in San Juan Capistrano, CA, and its untapped potential.