Something under $200k that I wouldn’t have any issues renting out. I was thinking best would be west Chula Vista due to the bayfront development but from the looks of it other people had that same idea already because prices there have already gone way up. Other potential areas would be the 92113 zip and National City. Thoughts?
Long term investment growth? Prices are high everywhere so they may decrease. You could try auctions and rehabs, but deals are pretty hard to come by. An option is to search out of state where values are lower and therefore rent yields higher. Price appreciation may be lower but the rent will cover most, if not all costs. You won’t get income, but your equity will build up over time. You will need a good property manager who are worth their weight in gold.
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