New to San Diego, CA...Looking for a long term hold
Hello All,
My wife and I are recent transplants to San Diego, CA from the east coast and looking for some advice on areas to purchase a live-in (1-2 years), long term hold property. We currently own an investment property in Virginia and are looking to expand the portfolio in San Diego.
We are quite open to any area that is deemed safe, either in San Diego or parts of North County. The closer to San Diego metro, the better for working purposes, but we would be willing to stick out a longer commute for a bit to get into a good area.
Looking to spend no more than 500k on this property, hoping to have the numbers work to preferably make a few hundred once we rent it out if a few years and move onto the next investment.
Any advice for locations would be much appreciated. Thanks!
Neno