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Investment Properties in San Diego : Real Estate Advice

  • All2K
  • Local Info150
  • Home Buying954
  • Home Selling99
  • Market Conditions78

Activity 25
Thu Dec 29, 2016
Vgarrow asked:
Details : San Diego is flooded with houses that needs tons repairs before listing, but they are not Listed! In some cases agents refuse to list it or do not encourage the seller to sell…
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Sat Dec 3, 2016
Britman Richardson asked:
Fri Nov 25, 2016
Derek Jones answered:
Nope. No license is needed as long as you aren't acting as an agent for anyone in the transaction.

As for paperwork it sounds like you need a mentor to guide you through the process. You may want to start reading up on the wholesale process. Biggerpockets.com is a good resource to get you started. ... more
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Tue Sep 20, 2016
Donald D. Hensel answered:
You may want to consider looking in North County, East County and Southbay areas. Rising rents are making these areas more attractive for investment.
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Tue Sep 20, 2016
Donald D. Hensel answered:
North Coast Financial is able to provide loans for investment property and 2nd homes. A down payment of at least 25% will be required.

North Coast Financial, Inc.
2424 Vista Way #202
Oceanside, CA 92054
760-722-2991
... more
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Thu Jun 30, 2016
Bsdmike asked:
Sat Apr 2, 2016
David Caradonna asked:
I want to acquire a few single family detached homes ranging from $150K-$300K in good school districts across the US with positive cash flow. Open to condos but that's not my first choice.…
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Tue Jan 26, 2016
Bryan answered:
Not sure if you qualify but I suppose you might be able to do a reverse mortgage on your home
You can pull the equity from your home while still living in it.
Bryan
0 votes 1 answer Share Flag
Mon Dec 28, 2015
Michael Mangat answered:
Hi Cindy,

Thank you so much for your response. I've just based the rent price on Zillow, which is around that price.it includes all appliances and furniture as well. You think I should still adjust the price? Thanks. ... more
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Tue Oct 6, 2015
Zandra Ulloa answered:
Hi Tyler!

Give Big Block Realty a try! We have an office in Mission Valley, Ramona & Eastlake. We are a 100% commission - NO broker split & we offer training 3 times a week. Our Broker is also a Real Estate Attorney who is always available, so that itself is gold. If you have any questions please feel free to call or e-mail me.

Zandra Ulloa, Realtor
619-913-2703
zandra.ulloa@gmail.com

Big Block Realty
1.800.550.3209
http://zerobrokersplit.com
... more
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Tue Jul 21, 2015
John Reeves answered:
Better to get the two bed room .. than to have a bed room that would not be comfortable for your family.
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Thu Feb 5, 2015
John Reeves answered:
Wed Dec 17, 2014
Tim Moore answered:
I know of none and most commercial agents I know don't even use the MLS. They seem to be much more secretive than residential agents with their listings.
0 votes 1 answer Share Flag
Mon Nov 24, 2014
Don Betts answered:
Hello Josh,

Oceanside as answer here already is a good choice. To get $2000 per month you will need to buy at least a 3 BR 2 Bath home in North County. You should also look at Vista and San Marcos. These areas are close enough to Camp Pendleton to take advantage of the military market.

If you would like some help searching these markets, please give me a call. And also check my Trulia profile.

Good Luck,
Don Betts
BRE #01874739
760.966.0399
... more
0 votes 4 answers Share Flag
Fri Nov 21, 2014
answered:
Jerry,
Over the past few years I have done lots of flips. For awhile San Diego County was the land of milk and honey,right now the majority of flippers in this price point have moved on to other county's. While it still can be done, you will need to look at areas like Spring Valley, Jamul,etc. Since there are way less to buy you are competing with all the other flippers in this price range. A little bit of needle in the haystack story.

Unless you are in the construction business you will also need a reasonable-reliable contractor. Most of the flippers have a crew put together and use the exact materials on each flip so very little has to be figured out.
... more
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Wed Sep 24, 2014
John Arendsen answered:
Fri Aug 22, 2014
Don Betts answered:
Hello Sara,
I have quite a bit of experience renovating historic buildings. I have done four major projects myself in Denver. Unfortunately, you are going to have to spend some money to come up with a good estimate for required structural work. Any major renovation will require that the building be brought up to code especially for earthquake loads.
So, if you are serious about buying the building, put it under contract with a LONG inspection period. Long enough for you to hire a structural engineer to determine what needs to be done. Then you can get a reputable contractor to give you a good estimate. That is a simple answer to what can be a complicated process.

If you are planning to lease the entire building out, you need to estimate the rents you can get. Apply a capitalization rate to rent income and you can determine an approximate value of the building renovated and leased up.

A good Real Estate Broker or Development Consultant can help you with all of this.

Good Luck!

Call me if you want to chat about this...

Don Betts
Allison James Estates and Homes
303.888.4874
bettsdonald@mac.com
BRE 01874739
... more
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Wed Mar 26, 2014
David Indermill answered:
Yes it is possible as long as you have converted the units to condos. I sold a tri plex that way in South Mission the address is 712,714,716 San Luis Rey 92109.

Best Wishes,

David R. Indermill

Re/Max Hall Of Fame, CDPE | Since 1998 | Luxury Real Estate Advisor
International Referrals | Bank Owned Assets | Off Market Properties
Large Cash Investor Fast Close Network | B.R.E License # 01232827


www.SanDiegoHomeStore.Com

Cell: 858-414-LIST (5478) Texting OK
Fax: 858-430-5544
Email: david@sandiegohomestore.com

www.trulia.com/profile/sandiegohomestore/
... more
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Tue Oct 15, 2013
torontofurnishedunits answered:
thanks for this
are any of those properties available as lease option or possibly vendor take back?

thanks
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