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All Forum Posts by: Dillon Myers

Dillon Myers has started 0 posts and replied 4 times.

Post: I've got $500k in cash, how should I invest it?

Dillon MyersPosted
  • Real Estate Agent
  • Fresno
  • Posts 4
  • Votes 3
Quote from @Shannon Bunyard:

Congratulations! You win!!  In my opinion, real estate is the best way to invest.  I think it is true that California is pretty expensive and you may have a hard time finding a suitable location with that amount of cash. You may consider someplace like Fresno or Bakersfield.  Bakersfield is a consideration for me because it is still in California, the rental market is pretty steady and California property values stay the course typically.  Of course every market is different and changes with the market conditions i.e. interest rates, employment/unemployment rates, natural hazards and area events.  You should do your due diligence on the area. I suggest going to the area to make sure that you would want to invest there.  For example- I went to a market that I thought I wanted to invest in and realized that actually that area did not meet my rental standards.  I was glad that I made the decision to go and physically look at the area vs. buying in a place that I would not have wanted to have a rental. Good luck with your investments!

Cheers, 

Shannon

@Khail Towers  I think Shannon has a good point...Fresno & Bakersfield are probably two of the last areas in California that still make sense from a cashflow perspective. I can't help you in Bakersfield but if you want more info on some Fresno offerings, message me & I can send you a few along with their projected rent.

Post: Ball Point Marketing

Dillon MyersPosted
  • Real Estate Agent
  • Fresno
  • Posts 4
  • Votes 3
Quote from @Ryan Cleary:

I was so curious and I ended up buying one for $250 and its actually great, its quick and the handwriting is identical to someones hand writing and it uses a regular ball point pen which is great because it smudges and creates perfect imperfections.  

Love that idea. Didn't know there were any at that pricepoint that were worth a damn. After 2-years do you still have it/recommend it? What brand did you buy? 

Post: Best House Flipping Neighborhoods in SD

Dillon MyersPosted
  • Real Estate Agent
  • Fresno
  • Posts 4
  • Votes 3

Clairemont has been hot spot for flippers the last few years.  Serra Mesa, San Carlos, Del Cerro, La Mesa have a lot of flips too. Showed a nice looking flip in Santee to a client the other day too - they're everywhere.

Post: Is this type of San Diego Airbnb illegal?

Dillon MyersPosted
  • Real Estate Agent
  • Fresno
  • Posts 4
  • Votes 3

@Brian Mihaljevich another layer to the question is: What if you buy a home with an existing ADU?

In other words, you didn't go through the permitting process & sign anything saying you wouldn't STR it. Does that rule then stay in effect with the new homeowner?