Hey, Newby from investor Southern California here.

Hey, Newby from investor Southern California here.

San Diego, CA · Member since 2015 · 3 posts · 1 vote

Hey everyone, my name is John I'm a new an aspiring buy-and-hold  / flipper  in the SoCal area .  I currently live in Hemet  and I plan on my first purchase being  a duplex in the Yucca Valley desert . as a newbie I'm trying to wrap my brain around creative investing as a new BM trying to wrap my brain around creative investing so if there's anyone out there from the area who could maybe throw some advice my way or steer me in the right direction I'd greatly appreciate it.

  Thanks, John

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  • Accountant · La Mesa, CA · Member since 2017 · 477 posts · 476 votes
    8y

    Hi John,

    I like the Hemet area; I have family there.

    With your plan of purchasing a duplex, are you planning on house hacking it (living in one side) or is it a pure investment?

    Welcome to BiggerPockets.

  • Real Estate Agent · Chicago, IL · Member since 2017 · 715 posts · 138 votes
    8y
    Welcome to BiggerPockets! It is great to have you and please feel free to jump in the community - there are certainly great people around here
  • Kevin FoxPro Member
    Real Estate Agent · San Diego, CA · Member since 2014 · 1k+ posts · 635 votes
    8y

    Hey @John S.

    Welcome to BP!

    Let me know if you ever have questions about the San Diego market or REI in general.

    Best of luck!

  • Christian BachelderBusiness Member
    Real Estate Broker · Marina del Rey, CA · Member since 2018 · 105 posts · 25 votes
    8y
    Hi John and welcome to BP! Feel free to reach out to me with any questions about alternative financing. Don’t want to break forum rules, but we are a mortgage and real estate brokerage in CA. That’s the limit of what I can say ;p Good luck with your future investments.
  • Jo-Ann LapinPro Member
    Loan Officer · Tustin, CA · Member since 2015 · 3k+ posts · 713 votes
    8y

    Welcome  and thanks for the introduction . Creative financing, meet ups, real estate in vestment club and this site will help you achieve your real estate goals.

  • Investor · Upland, CA · Member since 2017 · 3 posts · 0 votes
    8y

    Hi John. I am also a newbie to BP but not new to REI. Couldn't help myself, find it ironic and humorous and have to chime in. You reside in Hemet yet looking to invest else where. I on the other hand have been heavily looking at Hemet - as the overflow and high rents in LA and OC counties have been push some of the populations to migrate towards the outskirts of town.

    We are currently under contract to close on another 4-plex to rehab as rentals.  Contrary to what others have stated and found in Hemet (but I admit, the place took my innocence with regards to humanity abusive behaviors - if you could look past that stuff) investments can perform satisfactorily.  

    If you analyze the numbers you'll find that home values have been appreciating well, the last few years.  A couple tips should really consider Hemet, be mindful of city ordinance regarding rentals and their expenses ( water rates seems like tripled of what some of our metro sites).  

    Good luck with your search, there may be opportunities hidden right before your eyes. 

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