All Forum Posts by: Joe Derobertis

@Elisabeth C. Appreciate the info.  I haven't looked into those areas and will have to take a closer look.  Investing here in CA is tough and it's nice to know there are some people making it work.  Gives me hope!

On a slightly unrelated note, I am having a hell of a time finding some financing.  I have a strategic foreclosure on record from about 3 years ago and I'm having a hard time finding a portfolio lender...  Any recommendations would be greatly appreciated!

Thanks Eric!  That does help and I appreciate the insight.  I'm not necessarily narrowing in on that area, but it got me thinking about what coastal areas, if any, might be the next Laguna Beach situation.  Maybe it won't happen due to proximity to major cities and difficulty of driving, but it sure would be nice to recognize that. 

I grew up in NJ and Hoboken was awful when I was growing up, look at it now, also Jersey City, etc...  There are historical markers where terrible neighborhoods blew up.

Would be nice to get a jump on that :) 

I live in SoCal and am a new investor.  New as in I haven't invested in anything yet, but I am actively looking.  As we all know living in SoCal presents some limited options for investing locally so, much like others, I've begun looking out of state and obviously there are some very viable options.  That said, I can't help but wonder what coastal-ish areas in SoCal or California in general are poised to blow up.  I was perusing padmapper and following the coast north from LA and came across Orcutt and Santa Maria.  I'm not very familiar with these areas, but it seems the rents looks pretty decent and there appear to be some homes for sale where the numbers could add up.  I haven't really done much research into any of these towns yet and thought I'd shoot out a message to see if anyone has any experience or thoughts here.

Clearly there must be underdeveloped/undervalued areas in coastal CA, that should experience tremendous appreciation in the next 20-30 years right?  I mean the established areas aren't going to see appreciation like they did if you bought in the 60/70s.  

I'm thinking of those towns as blue chips, sure they'll continue to appreciate but the rate will be much lower because they're discovered, established, etc..., but there are people who want to buy homes in coastal areas and cannot afford those so they'll seek more affordable areas and my hope is that if you can locate those now and find the pattern/trend and hold for 20-30 years those are the areas that will have tremendous appreciation.

Wow, this ended up way longer than I meant it to be, so if you've read this far I appreciate it!

Anyway, I'd be curious on the collective groups thoughts here.

Not to hijack the thread but I'm also looking for someone in Boise. I'm out of state (CA) and just starting the RE journey but I've been doing a bunch of research and it looks like Boise area has some good investing opportunities. I also have a friend who lives out there. Would love to chat with someone if they're interested. Thanks!