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
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 11 months ago on . Most recent reply

User Stats

45
Posts
23
Votes
Namal Burman
23
Votes |
45
Posts

Homework that needs to be done before i buy my first MultiFamily in San Diego

Namal Burman
Posted

To all my BiggerPockets friends. I have 3 ( 1 condo +2 townhome) rental and one primary home (single family ) all in San Diego and for my rental portfolio of buying with my own money i am done. Next goal for me is to do my first multifamily( 4 unit) deal in San Diego either through 1031 exchange of my condo or  (my cash  + friends cash). What homework i have to do so i be ready in next one year? Real estate i know is all about location/location/loacation . For multifamily i know location will matter/ rent would matter/financing would matter. What else if any one has a nice flow chart and guide me i will appreciate.


Regards,

namal

Most Popular Reply

User Stats

157
Posts
104
Votes
Tony Savage
  • Real Estate Broker
  • San Diego, CA
104
Votes |
157
Posts
Tony Savage
  • Real Estate Broker
  • San Diego, CA
Replied

Hey Namal,

I too live in San Diego.  I would be interested in knowing what submarket in SD you will be looking to purchase that 4-plex?  Depending on the market you're interested in your looking at a mil++ for a 4-plex. I'm hoping you have enough equity in your condo to be able to complete a 1031?  

Consider going out of state, I've been in Lansing, MI since 2013.  You can still do a 1031 and get so much more for your equity.

Loading replies...