All Forum Posts by: Avid Najdahmadi
Avid Najdahmadi has started 1 posts and replied 3 times.
Post: Investing in Baja California Mexico

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- Votes 3
Hi,
I just found the thread and an read it all. I am very interested in investing in rosario area as well. I live in San Diego and think Rosarito has potential. Any one here know how a condo in one of the newer high rises in Rosarito can be bought? Please let me know if you have done something like this recently
Thanks
Post: Best areas for SFH investment property

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- Votes 3
Thank you everyone for the messages and all the help!! I am looking into buying a place, and eventually renting it out to a family. Preferable 3 Br, 2Bth. @Robert Comstock and @Lance Trezona so there will be no housemate, or different tenants, just a family.
@Jordan Graham thanks very much for the location suggestions. I actually screened outLa mesa and ocean side because I figured the tenants in Mira Mesa will be more reliable. Having said that, I do not have a background in this field, so I may be wrong.
@Jordan Graham, thanks for that interesting example of change and adding ADU. TBH i started thinking formy first purchase, I avoid making big changes since its a new field to me. Just buying a nice clean place with low intrest rates of right now and renting it out as is. Maybe only minor changes like adding AC, etc. What do you think about this approach?
@Adit S. What an interesting point to point break down. Given that if a good screening happens, and I rent out in Mira Mesa to a good family, I think appreciation and Tenants will be checked off.
Now my actual question is cash flow. Is it even possible in this market? Let me add in some numbers. I am targeting a 900K house, clean alomst rent ready condition, in Mira Mesa or a good area, with 675K loan at 3.1% interest rate. Adding principal, interest, insurance and taxes, I am looking at $3900 payment a month, and this is not considering cap ex maintenance, management, which brings it up to $4300 roughly.
Now the house, bought for 900k in Mira mesa or any area in san Diego in general rent-out for more that $4300 right away? Or is it a number that can happen after a couple years of appreciation and rent going up?
Thanks everyone, this is super helpful
Avid
Post: Best areas for SFH investment property

- Posts 3
- Votes 3
Hi,
I am relatively new to San Diego (1.5 years) and I moved here for a biotech job, first high paying job after university:D. Planing to buy a SFH to rent out and create cashflow. Any suggestion on what locations are best, in terms of (1) cash flow, (2) appreciation and (3) tenants? I am particularly looking into Mira Mesa since its closer to my work in Sorrento Valley and seems like a very decent place. Any help or suggestions will be greatly appreciated!
Thanks