Investing in El Centro, CA

[Bibiana Kurta]

Hello, I live in San Diego and would like to get into multifamily investing. Since home prices in San Diego are pretty high, I was considering purchasing a multifamily property in the desert and wanted to see if anyone has experience in that market. Thank you! B.

[Brock VandenBerg]

Hi Bibiana. I have funded several hard money rehab and bridge loans in El Centro. Based upon my experience, you will get better pricing on income properties, but that doesn't necessarily mean it's a better investment.  Prices do not appreciate in the El Centro market as much as they do in San Diego, CA and because you have a lot more investor buyers, values can change quickly when the market slows. Also, tenants send to be very seasonal so be ready for higher turnover.