Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Brian Bartelsmeyer
0
Votes |
4
Posts

market selection - newbie in San Diego

Brian Bartelsmeyer
Posted

Hi Everyone! 

I am an investor (using this term loosely) in San Diego who has 1 rental property here that is cash flowing (used to live in it then moved out). 

Im interested in aggressively growing my  real estate portfolio over the next year plus but I dont believe San Diego is the area to do that (obviously). So I was hoping to play a fun game with anyone interested! My ultimate goal is to focus on cash flow over appreciation. 

Lets say someone gave you 300K to do whatever you wanted to with in real estate investing. How would you invest it and in which markets? Would you choose to buy up a bunch of SFH's or would you look at maybe 1-2 multi family units?

Looking forward to reading responses!

  • Brian Bartelsmeyer
  • Most Popular Reply

    User Stats

    112
    Posts
    92
    Votes
    Emy Bernardo
    • Investor
    • San Diego, CA
    92
    Votes |
    112
    Posts
    Emy Bernardo
    • Investor
    • San Diego, CA
    Replied

    We sold our duplex in San Antonio a few years ago - the property taxes were insane.  Make sure you run the numbers with a conservative estimate of the taxes using the current sale price.  Can be a real cash flow killer.. We complain about California taxes but Prop 13 is actually a huge saving grace, especially compared to areas that are rapidly appreciating. Not having a cap on the annual tax increase is a big issue.  Not sure if things have changed since we sold in 2018, though.  I always say, if they get rid of prop 13 here, I'm selling everything.  The powers that be are trying to get rid of prop 13 and aren't going to give it up! Sorry, that was a bit of a tangent.. :)

    Loading replies...