Investment property…Coastal vs. Escondido

[bearishgurl]

[quote=ljinvestor]Since this is your first one I would recommend purchasing closer to home. Also, be patient and wait for a great deal. Don’t go in thinking that the place is you buy is going to go down the next few years. Find a deal that is 20% lower than comps now so you have some safety net.[/quote]

Good advice, ljinvestor. I kind of like the idea of having rental properties within five minutes of where one lives … even walking distance.

Patience, negotiation and fix-up know-how will get you a good rental investment in today’s market.

[Kingside]

I also live in Encinitas and have investment property in both Encinitas and Escondido.

I agree with the statement that Encinitas is easier to self manage than Escondido.

I would not consider currently buying a SFR in Encinitas for investment based on current prices since they don’t really cash flow, even with the current record low rates.

I think it is a mistake to think in terms of only SFRs if part of your thinking is that you want to invest in a place that you yourself would consider living in. That is a false comfort zone. Also, if you are new and not sure you are comfortable being a landlord, going very low end might be less risk if you decide you don’t like being a landlord and want to bail. The lower end is a bit more liquid of a market.

So I would not only be looking at condos, but would be looking at 2-4 unit multifamily as well. There are a lot of older 2-4 multi=family properties in Escondido. They tend to cash flow much better than SFRs, if you can buy right.

[Kingside]

I also live in Encinitas and have investment property in both Encinitas and Escondido.

I agree with the statement that Encinitas is easier to self manage than Escondido.

I would not consider currently buying a SFR in Encinitas for investment based on current prices since they don’t really cash flow, even with the current record low rates.

I think it is a mistake to think in terms of only SFRs if part of your thinking is that you want to invest in a place that you yourself would consider living in. That is a false comfort zone. Also, if you are new and not sure you are comfortable being a landlord, going very low end might be less risk if you decide you don’t like being a landlord and want to bail. The lower end is a bit more liquid of a market.

So I would not only be looking at condos, but would be looking at 2-4 unit multifamily as well. There are a lot of older 2-4 multi=family properties in Escondido. They tend to cash flow much better than SFRs, if you can buy right.

[Kingside]

I also live in Encinitas and have investment property in both Encinitas and Escondido.

I agree with the statement that Encinitas is easier to self manage than Escondido.

I would not consider currently buying a SFR in Encinitas for investment based on current prices since they don’t really cash flow, even with the current record low rates.

I think it is a mistake to think in terms of only SFRs if part of your thinking is that you want to invest in a place that you yourself would consider living in. That is a false comfort zone. Also, if you are new and not sure you are comfortable being a landlord, going very low end might be less risk if you decide you don’t like being a landlord and want to bail. The lower end is a bit more liquid of a market.

So I would not only be looking at condos, but would be looking at 2-4 unit multifamily as well. There are a lot of older 2-4 multi=family properties in Escondido. They tend to cash flow much better than SFRs, if you can buy right.

[Kingside]

I also live in Encinitas and have investment property in both Encinitas and Escondido.

I agree with the statement that Encinitas is easier to self manage than Escondido.

I would not consider currently buying a SFR in Encinitas for investment based on current prices since they don’t really cash flow, even with the current record low rates.

I think it is a mistake to think in terms of only SFRs if part of your thinking is that you want to invest in a place that you yourself would consider living in. That is a false comfort zone. Also, if you are new and not sure you are comfortable being a landlord, going very low end might be less risk if you decide you don’t like being a landlord and want to bail. The lower end is a bit more liquid of a market.

So I would not only be looking at condos, but would be looking at 2-4 unit multifamily as well. There are a lot of older 2-4 multi=family properties in Escondido. They tend to cash flow much better than SFRs, if you can buy right.

[Kingside]

I also live in Encinitas and have investment property in both Encinitas and Escondido.

I agree with the statement that Encinitas is easier to self manage than Escondido.

I would not consider currently buying a SFR in Encinitas for investment based on current prices since they don’t really cash flow, even with the current record low rates.

I think it is a mistake to think in terms of only SFRs if part of your thinking is that you want to invest in a place that you yourself would consider living in. That is a false comfort zone. Also, if you are new and not sure you are comfortable being a landlord, going very low end might be less risk if you decide you don’t like being a landlord and want to bail. The lower end is a bit more liquid of a market.

So I would not only be looking at condos, but would be looking at 2-4 unit multifamily as well. There are a lot of older 2-4 multi=family properties in Escondido. They tend to cash flow much better than SFRs, if you can buy right.

[sdrealtor]

For the record, Kingside is long time local Real Estate attorney and very credible in these matters. BG not so much.

[sdrealtor]

For the record, Kingside is long time local Real Estate attorney and very credible in these matters. BG not so much.

[sdrealtor]

For the record, Kingside is long time local Real Estate attorney and very credible in these matters. BG not so much.

[sdrealtor]

For the record, Kingside is long time local Real Estate attorney and very credible in these matters. BG not so much.

[sdrealtor]

For the record, Kingside is long time local Real Estate attorney and very credible in these matters. BG not so much.

[sdsurfer]

Interesting you went all cash with rates so low…I’d imagine you just did’nt want to deal with the hassle of getting a loan? 10% seems pretty good to me! Thanks for mentioning that…it means a lot more to me since your speaking from recent experience and it went well.

[sdsurfer]

Interesting you went all cash with rates so low…I’d imagine you just did’nt want to deal with the hassle of getting a loan? 10% seems pretty good to me! Thanks for mentioning that…it means a lot more to me since your speaking from recent experience and it went well.

[sdsurfer]

Interesting you went all cash with rates so low…I’d imagine you just did’nt want to deal with the hassle of getting a loan? 10% seems pretty good to me! Thanks for mentioning that…it means a lot more to me since your speaking from recent experience and it went well.

[sdsurfer]

Interesting you went all cash with rates so low…I’d imagine you just did’nt want to deal with the hassle of getting a loan? 10% seems pretty good to me! Thanks for mentioning that…it means a lot more to me since your speaking from recent experience and it went well.

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