Cash Flow in San Diego
Hello!
As a new comer to San Diego I'm curious what areas of San Diego produce good cash flow for multi-family properties?
Looking forward to hearing everyones opinion!
Most Popular Reply
@Aaron Mack
There is a reason you are hearing the crickets chirp on your question. Unless you were lucky enough to purchase rental properties deep into the market downturn this last time around or have held for 15 years +, cash flowing in San Diego is very, very difficult to do.
My opinion is that one would have to find a multifamily needing a ton of work to be able to truly cash flow in San Diego. When I say truly cash flow, I am referring to making sure you are accounting for all of the expenses of owning rental real estate - taxes, insurance, repairs & maintenance, capital expenditures, vacancy allowance, landlord paid utilities (more common on multi-family) and management.
It's possible, but difficult to find. Good luck!