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Investment Properties in San Diego : Real Estate Advice

  • All2K
  • Local Info150
  • Home Buying970
  • Home Selling106
  • Market Conditions78

Activity 29
Thu Jul 6, 2017
tcvaldez15 asked:
I'm buying a primary res & agreed to let Renter finish her lease (end of the yr) before I move in. Is this financed as invest prop or primary res?
0 votes 0 Answers Share Flag
Fri Jun 9, 2017
Derek Jones answered:
If you want legal advice talk to an attorney. But a change such as a new lease would be a cause to redisclose which they have done. You can always cancel
0 votes 1 answer Share Flag
Sun Jun 4, 2017
Jen018 answered:
If you still have that list of those homes that need repairs, do you mind sharing it? I may be interested in investing those fixers if it's worthwhile.
0 votes 1 answer Share Flag
Sun Jun 4, 2017
Jen018 asked:
Hi, my parents are looking to do a 1031 involving selling a property in a different state and buying one here in San Diego. The challenge is timing. They're very hesitant on wanting to sell…
0 votes 0 Answers Share Flag
Sun Apr 9, 2017
Mays Kuhail answered:
It all really depends on the area you're looking into. When it comes to San Diego, these are the most affordable neighborhoods:

1. University Heights

The numbers:

Median Property Price: $480,000
Traditional Rental Income: $1490
Airbnb Rental Income: $2,459.46
Traditional CoC Return: 04%
Airbnb CoC Return: 25%
Traditional Cap Rate: 59%
Airbnb Cap Rate: 94%
Airbnb Occupancy Rate: 47%

2. Hillcrest

The numbers:

Median Property Price: $522,000
Traditional Rental Income: $1,658.44
Airbnb Rental Income: $2,353.12
Traditional CoC Return: 25%
Airbnb CoC Return: 78%
Traditional Cap Rate: 59%
Airbnb Cap Rate: 41%
Airbnb Occupancy Rate: 56%

3. East Village

The numbers:

Median Property Price: $550,000
Traditional Rental Income: $2,467.08
Airbnb Rental Income: $1,703.31
Traditional CoC Return: 3%
Airbnb CoC Return: 16%
Traditional Cap Rate: 64%
Airbnb Cap Rate: 45%
Airbnb Occupancy Rate: 3%
... more
0 votes 5 answers Share Flag
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
0 votes 1 answer Share Flag
Tue Sep 20, 2016
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
0 votes 3 answers Share Flag
Thu Jun 30, 2016
Bsdmike asked:
Sat May 14, 2016
Mays Kuhail answered:
I checked with Mashvisor.com when I was doing property search in San Diego and came up with these results. These are the best areas to buy a rental property in San Diego. Here's the data:

1. Pacific Beach

Median Home Price: $1,099,000
Airbnb Occupancy Rate: 76.63%
Average Airbnb Rental Income/month: $5,175
Average Traditional Rental Income/month: $3,142

2. North Park

Median Home Price: $469,000
Airbnb Occupancy Rate: 78.53%
Average Airbnb Rental Income/month: $5,338
Average Traditional Rental Income/month: $2,577

3. Mission Beach

Median Home Price: $1,385,000
Airbnb Occupancy Rate: 75.67%
Average Airbnb Rental Income/month: $4,740
Average Traditional Rental Income/month: $2,181

4. La Jolla

Median Home Price: $2,195,000
Airbnb Occupancy Rate: 68.86%
Average Airbnb Rental Income/month: $3,743
Average Traditional Rental Income/month: $4,510
... more
0 votes 3 answers Share Flag
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.…
0 votes 0 Answers Share Flag
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
0 votes 2 answers Share Flag
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
0 votes 5 answers Share Flag
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.
0 votes 2 answers Share Flag
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
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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