Rental Property Investor · San Diego, CA · Member since 2017 · 13 posts · 8 votes
I'm currently looking to invest in Multi-Family or Single family properties in the San Diego area in the next 6-9 months. Looking to connect with other investors, real estate agents, and/or wholesalers. Any advice would be great.
I do not have a recommendation for an agent but the response from @Adam Nishikawa about a realtor specializing in cash flow in San Diego raised some flags. Daniel Graff may be a very good realtor for investors (I do not know him so this is not meant to imply he is not as Adam indicated).
My point is the most experienced San Diego buy n hold RE investors that I know would avoid the best cash flow neighborhoods in San Diego. Why? Because these neighborhoods in general do not produce quality tenants. They turn over at higher rates, cause more damage, have more issues paying rent on time, have lower credit scores, etc.
The end result is often these San Diego locales that appear to have better cash flow in reality take more effort and do not have as good cash flow as they often initially appear they will produce.
I do not have a recommendation for an agent but the response from @Adam Nishikawa about a realtor specializing in cash flow in San Diego raised some flags. Daniel Graff may be a very good realtor for investors (I do not know him so this is not meant to imply he is not as Adam indicated).
My point is the most experienced San Diego buy n hold RE investors that I know would avoid the best cash flow neighborhoods in San Diego. Why? Because these neighborhoods in general do not produce quality tenants. They turn over at higher rates, cause more damage, have more issues paying rent on time, have lower credit scores, etc.
The end result is often these San Diego locales that appear to have better cash flow in reality take more effort and do not have as good cash flow as they often initially appear they will produce.
Investing in San Diego is generally good, as long as you are taking a long term approach. Screaming deals are hard to come by, but there is usually something good to buy if you keep your eyes on the opportunities. Good luck.
Nicholas Patten The MeetUp is simply named cash flow since they play Robert Kiyosakis board game, and most of the investors have diverse portfolios with properties both here in San Diego and in cash flow markets out of state. Best of luck!
I am a licensed realtor in San Diego that helps investors find their next flip. We find 10-15 distressed properties per month in San Diego County. Message me if you are interested in getting access to our deals.