Thanks for the reply SD Realtor. My personal preference would be to purchase somewhere in the greater San Diego area. I do not plan on using a property management agency at this point, and that rules out out of state options…although 15% CoC does sound nice.
My plan is to put 25% down; not exactly a large down payment but a bit more than the minimum. I am looking to be at least cash flow neutral to a little cash flow positive…if that is possible.
I feel like I need to jump into an investment property now. Though pricing will fluctuate over the next few years I feel like it won’t go significantly lower. That and the fact that interest rates are trending up is basically forcing my hand.
