Venturing out.

[Beau Bundy]

I am going to be spending some time in Fort Walton, Navarre, and Pensacola Florida.  I will eventually be moving to this area from San Diego.  I hear the market is really good.  Is there any serious investors in these areas.  If so what are you looking for in a property.  I would like to get into some wholesale projects.  Let me know so I can go to work for you!!

[Dan H.]

Originally posted by @Beau Bundy:

William. I definitely love it here in San Diego however it's a tough market. Looking forward to getting started in the panhandle.

I do not know your definition of a tough market. My definition of a tough market is one that is difficult to obtain a decent ROI. San Diego historically has had a great ROI for buy and hold investors so I think it has been an easy market. clearly I think San Diego is a good to great RE market but I suggest you look up San Diego RE appreciation for any duration you desire and calculate the return assuming 25% down. Then realize sometimes a purchase requires less than 25% down. Finally realize rent appreciation typically correlates closely with property appreciation. In recent years rent has gone up $50 to $100 per month each year. So a buy n hold REI that barely cash flows could be cash flowing hundreds of dollars in a few years. Final bonus for California investors is prop 13 will ensure minimal property tax increase so as profits and value increase the taxes stay fairly flat. Virtually every buy n hold investor in San Diego that was able to not sell in the down cycle has had a great ROI no matter when they purchased the RE.