Newbie from San Diego

[Travis White]

Hello Everyone,
My name is Travis and I am currently living in the San Diego area. I am just getting started with real estate investing. I bought my first property last month and just found a renter to move into the house. I found bigger pockets forums extremely helpful while setting up my LLC. (I am currently working on getting the property transferred into the LLC using a grant deed.) I bought the house through a Realtor off the MLS. The goal is to get more involved in real estate and purchase additional property more creatively with less money down. I am interested in wholesaling and seller finance deals. I would love to get to know some other investors that are active in real estate investing in the area.

[Steven Straughn]

Hi Karen M. - I think you mean Ocean Beach, which is a community of San Diego. It's an interesting place, known for its hippie culture and eclectic residents. Part of it is known as "the war zone". That's the part in the downtown area (Sunset Cliffs Blvd at Voltaire) where most people are renting and there are a lot of transients. It is definitely an older area and there are certainly many opportunities to renovate. Being on the coast is harsh on a property, and the kind of renters who usually rent in beach communities are as well. But the rental demand is so high that landlords have little incentive to spend much to keep their rentals nice.

All that to say that no, there is not a lot of new development (aside from your beachfront properties) in the lowlands near the pier.