Yeah, I don’t think I did as well as I should have. I guess I played things way too safe and for the longest time was anti-leverage.
I put whatever cashflow from rentals and bonus I got into paying down my loans as quick as I could…only to go the opposite direction and take out a cash out refi last month on one property…
I should have taken more risk and instead of fvcking around with just condos mainly, done SFH in MM. The appreciation would have been way better.
And that and my first property in SD, I generally bought at the wrong time in 2004ish when prices were already pretty high in 92130. what I should have done earlier is the moment I paid off my primary, I should have moved out earlier into another place in 92130, and rented out the older place, and rinse and repeated.
Thanks for confirming another thing that I already knew. 92130 might be good for appreciation but sucks donkey but from a cashflow perspective. especially if you can get $5300/month in escondido.
