Home Buying in San Diego>Question Details

M, Home Buyer in San Diego, CA

Looking for an investment single family home, duplex, or fourplex?

Asked by M, San Diego, CA Tue Apr 7, 2009

Hi there, I am looking to find a great deal ( like everyone else). My thoughts are to owner occupy a duplex at 200k max or 4 plex at 400k max so that I can positive cashflow. Have also thought about a single family in oceanside 200k will rent for 2k/month. Would appreciate any advice/ recomendations. What is the best investment for positive cashflow, good deal, and decent area?

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There are many available in the South Bay area like Chula vista, National City, Spring Valley. I just sold a 2 unit duplex 2 bedroom 1 bath each for #140,000 and the bank is willing to give us new carpet , new appliances and new paint. this is the time to buy. Let me know if you want me to email you a list.
thank you

Faby Gonzalez
Web Reference: http://www.fabygonzalez.com
0 votes Thank Flag Link Wed Apr 8, 2009
Hello M,

I don't think you will find a duplex for under $200K. Right now single family rentals offer the best returns. That may change soon now that demand has shifted and inventory is drying up. I speacilize in working with real estate investors. Reach out to me if you would like to discuss further.

Cheers,

Nick Rhea, MBA, Broker
Bombora Investments, Inc
619.886.2004
nick@bomborainvestments.com
0 votes Thank Flag Link Tue Apr 7, 2009
There are a ton of good deals in Oceanside under 200K that I would suggest you consider. Sign up on http://www.BankOwnedHomesByEmail.com and I will sent you the best new bank owned deals.
Web Reference: http://www.DustyBrazil.com
0 votes Thank Flag Link Tue Apr 7, 2009
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