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Recent BRRRR in San Diego!

8 Replies

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  • Posts 6
  • Votes 2

Franklin Panora

posted about 1 month ago

Hello from Sunny San Diego!!

I'm new to BP, BRRRR, and real estate. I recently bought a SFH in NY to BRRRR and am looking to BRRRR my first property in San Diego (where I currently live)!!

I would love to connect with BRRRR investors or connections!!

My 10 year goal is to BRRRR until I can get $10,000 in monthly cash flow through my BRRRR properties located in San Diego and out of state.

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Check Rosette Top Subjects:
Real Estate Finance and Traditional Financing
  • Posts 1.0K
  • Votes 874

Twana Rasoul
Real Estate Agent from San Diego, CA

replied about 1 month ago

Welcome! I assume you have some sort of connection in NY that is leading you to invest there?  Sounds exciting! Good luck on your deal out there!

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  • Posts 25
  • Votes 19

Connor Nellans
Real Estate Agent from San Diego, CA

replied about 1 month ago

@Franklin Panora welcome to BP! I am an investor and agent here in SD, I am always looking to connect with other people in our local RE space. I have executed multiple BRRRRs here in SD and also out of state back home in Minnesota. Let's connect!

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Check Rosette Top Subjects:
Rentals, Flipping, and Taxes & Accounting
  • Posts 168
  • Votes 107

Maxwell Ventura
Real Estate Agent from San Diego, CA

replied about 1 month ago

@Franklin Panora

Congrats on your BRRRR back east. I'm originally from Philadelphia. Came out to SD 6 years ago.

Curious to hear more about your project and where you invested out in NY? Consider me an open book & resource out for out here in SD. 

Thanks

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  • Posts 6
  • Votes 2

Franklin Panora

replied 16 days ago

@Twana Rasoul Yes, I lived in NY my entire life and moved out to SD 3 years ago for work as an engineer. I started learning about real estate investing when I moved out here and made the jump to buy my first property.

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  • Posts 6
  • Votes 2

Franklin Panora

replied 16 days ago

@Connor Nellans Looking forward to meeting and connecting to talk about your BRRRRs here and out of state!

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  • Posts 6
  • Votes 2

Franklin Panora

replied 16 days ago

@Maxwell Ventura I invested in Long Island (Suffolk County) because my realtor back in NY found me a property that fit my needs (needs rehab, has a basement, and 2-4 units). Rents are strong in Suffolk county, but so are taxes. Buying this as property as a rehab allowed me to at the very least break even after I refinance. I don’t expect major expenses because I replaced the roof, new water heater (old one was 12 years old), and new furnace (original from 1962). The inside was completely remodeled so I’m not expecting major expenses for a few years. By then I am hoping that I will cash flow more since rents in that market have continued to increase.

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  • Posts 21
  • Votes 4

Tommy Panebianco
Realtor from Hampton Bays, NY

replied 16 days ago

Hey Frank, I am a realtor in Suffolk County. It certainly is tough to find good investment properties around. Some towns have $10k+ in taxes per year.. If you ever need anything I am local though. Don't hesitate to reach out.

Tommy 

@Franklin Panora

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  • Posts 9
  • Votes 7

Kevin W.

replied 15 days ago

I'm also looking to BRRRR in San Diego, based in la jolla. LMK if you want to talk or partner!

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