Temecula / Murrieta Housing Market

[Jeff Stansberry]

Hi there,

I was considering investing in real estate (wholesaling or BRRRR) if possible in the Temecula / Murrieta area. Living in Corona I do have some experience there.

Does anyone have any experience investing in this area? If so, what do you think the direction of it is? 

Thanks!

[Shannon Wright]

Temecula Valley is a hard area because these are almost all owner-occupied or tenants with pride of ownership mentalities, not a lot of fixers. I have one client who flips this area and it's a slow process. I would think Hemet, Menifee and such had more opportunity for true flipping. This area is driven by retail buyers, who are not likely to deal with the wholesalers, either.

I think a buy and hold is the most likely to succeed from what my clients tell me.