[quote=Jazzman] . . . Your competition is an army of cash buyer baby boomers out there hunting down alternative fixed incomes streams. Spend six months to a year researching before you do anything. CA will be a challenge.[/quote]
jazzman, I know several post 59.5 year-old “boomers” (old enough to tap into IRA’s, 401K’s w/o penalty) who are doing just that, due to not having any “safe” investments to park money that are paying anything. They are looking in their own stomping grounds here in SD County, in ‘hoods they are intimately familiar with at SFR properties they can fix up and manage themselves and even rent to relatives (parents/children) if the need should arise. These older DIY’ers (some with roofer, plumber or electrician relatives, lol) are the kind that buy those Chula Vista (91910) cosmetic fixer investment SFR’s that the Piggs don’t seem to want to mess with. For the most part, these are very well-built properties on very good streets and we all KNOW that once they are all gone, we’ll never see these prices again.
Compare to the cosmetic and heavy fixer-buying frenzy of ’94-’97 in Pt Loma (92106). Now, try to find one. They’re very far and few between :=]
