New from San Diego & Hawaii - Lets Make Dreams Reality! HNY 2017!

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Residential Real Estate Broker · San Diego, CA · Member since 2015 · 38 posts · 11 votes
9y
Jean Hayes welcome to biggerpockets. Lets make 2017 a good one.
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  • Residential Real Estate Broker · San Diego, CA · Member since 2015 · 38 posts · 11 votes
    9y
    Jean Hayes welcome to biggerpockets. Lets make 2017 a good one.
  • Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    9y

    @Jean Hayes

    Welcome to Bigger Pockets. You are at the right place to learn about real estate investing.

  • San Diego, CA · Member since 2016 · 9 posts · 2 votes
    9y

    @Joe Sherman @Mark Nolan

    Thanks for the kind welcome Joe and Mark! I look forward to learning more about REI and actually moving forward with some sort of plan...tired of working for someone else. JH

  • Dan H.Pro Member
    Investor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votes
    9y

    I suspect your investment has done great in terms of appreciation.  It likely has more than doubled in value.  Have you already taken out some of the equity?   Unfortunately interest rates have risen significantly since the election.  However fortunately the rates are still historically low. Leveraging your existing appreciation is an easy way to continue to expand your RE holdings whether it is local or elsewhere.  

    I am very pro San Diego RE investing.  My family has tried the out of state RE investing and currently has one remaining non local RE property which has been our worst performing property.  

    San Diego investing is mostly an appreciation game (property and rent) as you have experienced. In addition prop 13 provides a nice protection. Easiest property management is local properties. Note San Diego appreciation has historically made San Diego one of the best locals for ROI on financed buy n hold properties anywhere.

    Good luck

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