Best neighborhood to BUY a rental property in San Diego?

[Diego Mamani]

[quote=FormerSanDiegan] As for 350K and 2K rent (…) With 20% down and a 30-year fixed rate of 4.75%, I come up with a total PITI of $1856. That puts you near break even cash flow if it rents for ~ 2000, depending on if you manage it yourself. [/quote]

FSD: Are you considering the opportunity cost of your down payment? Also, I don’t think you can get a fixed rate below 5% for non-owner occupied real estate. If you have only a one-month vacancy, you are looking at some serious losses. Once in a while you’ll need to change carpets or update appliances (assuming nothing major like a new roof is needed).

Finally, appreciation may take a while to come back: you may need to sell due to an unforeseem event, and then find out that after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.

[Nor-LA-SD-guy]

[quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…

[Nor-LA-SD-guy]

[quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…

[Nor-LA-SD-guy]

[quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…

[Nor-LA-SD-guy]

[quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…

[Nor-LA-SD-guy]

[quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…

[an]

http://www.goodmortgage.com/calc_investment_property.htm

Here’s a calculator to give you a rough estimate on whether the property will cash flow or not. You can put in your own numbers.

Diego, you brought up a few good point and for anyone who’s seriously thinking about buying a rental property, they should definitely consider these points. However, they should also count in the tax benefit of depreciating the asset as well.

[an]

http://www.goodmortgage.com/calc_investment_property.htm

Here’s a calculator to give you a rough estimate on whether the property will cash flow or not. You can put in your own numbers.

Diego, you brought up a few good point and for anyone who’s seriously thinking about buying a rental property, they should definitely consider these points. However, they should also count in the tax benefit of depreciating the asset as well.

[an]

http://www.goodmortgage.com/calc_investment_property.htm

Here’s a calculator to give you a rough estimate on whether the property will cash flow or not. You can put in your own numbers.

Diego, you brought up a few good point and for anyone who’s seriously thinking about buying a rental property, they should definitely consider these points. However, they should also count in the tax benefit of depreciating the asset as well.

[an]

http://www.goodmortgage.com/calc_investment_property.htm

Here’s a calculator to give you a rough estimate on whether the property will cash flow or not. You can put in your own numbers.

Diego, you brought up a few good point and for anyone who’s seriously thinking about buying a rental property, they should definitely consider these points. However, they should also count in the tax benefit of depreciating the asset as well.

[an]

http://www.goodmortgage.com/calc_investment_property.htm

Here’s a calculator to give you a rough estimate on whether the property will cash flow or not. You can put in your own numbers.

Diego, you brought up a few good point and for anyone who’s seriously thinking about buying a rental property, they should definitely consider these points. However, they should also count in the tax benefit of depreciating the asset as well.

[Diego Mamani]

[quote=Nor-LA-SD-guy][quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…[/quote]

Nor-Guy: I essentially agree with you. I think that places like the IE will have higher prices in 2020 than in 2009. But that’s only our educated guess, we can’t tell for sure. The point I’m trying to make is that when making an investment we need to make conservative assumptions, and also consider “what if” scenarios, even very pessimistic ones.

[Diego Mamani]

[quote=Nor-LA-SD-guy][quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…[/quote]

Nor-Guy: I essentially agree with you. I think that places like the IE will have higher prices in 2020 than in 2009. But that’s only our educated guess, we can’t tell for sure. The point I’m trying to make is that when making an investment we need to make conservative assumptions, and also consider “what if” scenarios, even very pessimistic ones.

[Diego Mamani]

[quote=Nor-LA-SD-guy][quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…[/quote]

Nor-Guy: I essentially agree with you. I think that places like the IE will have higher prices in 2020 than in 2009. But that’s only our educated guess, we can’t tell for sure. The point I’m trying to make is that when making an investment we need to make conservative assumptions, and also consider “what if” scenarios, even very pessimistic ones.

[Diego Mamani]

[quote=Nor-LA-SD-guy][quote=Diego Mamani]

after 15 years of paying P&I, repairs, etc., you sell for no more than what you paid.[/quote]

Although that has happened in a few area’s/cases in this current downturn in SD and T.V., I would consider that extremely unlikely in the next fifteen years for most of SD or the Temecula valley.

And the fact that has happen during this downturn should give you an Idea where the cash flow deals are…[/quote]

Nor-Guy: I essentially agree with you. I think that places like the IE will have higher prices in 2020 than in 2009. But that’s only our educated guess, we can’t tell for sure. The point I’m trying to make is that when making an investment we need to make conservative assumptions, and also consider “what if” scenarios, even very pessimistic ones.

[Author]

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