Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

is this a long-term play or short term?   

Quote from @Ryan Raven: You can usually be a property manager without a license as long as you are a direct employee of the owner.

Hey @Jerry Nogueras - I was in your shoes too, born in NYC, and lived between there and Long Island. 

We are closing on a 2/1 condo tomorrow with a small fenced backyard and a metal storage shed.

Depending on your long term goals I wholesale and use the assignments fees to buy free and clear properties and I use creative marketing to buy and keep in my portfolio. 

Quote from @Alex Brown: Seeking recommendations for a CPA or Tax Strategist who specializes in RE and REPS Status.This post should help:https://www.biggerpockets.com/forums/51/topics/1222774-expla...And none of us is allowed to offer you our services as long as this post is in the tax forum.

I’m Mark, a new real estate investor based in San Diego, leveraging my background in AI-driven lead generation to find off-market deals.I’m currently looking for small multifamily properties (duplexes, triplexes, or quads) to rehab and house hack, to build long-term cash flow while living in the property.Outside of real estate, I’m into fitness, golf, and exploring San Diego’s best outdoor spots.

For years, many projects in Chula Vista's Coastal Zones faced long delays, but starting in 2025, SB-423 changes that.

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