All Forum Posts by: Donald E Appleberry

@Cole P.

Hey Cole,

Odd, I’ve seen rental income used for only a year of experience. Maybe it’s the lenders overlays preventing them from approving it? I’d reach out to some other lenders for sure. I’m an agent so I can’t say 100% for sure. I have a contact if you’d like and I’m in San Diego. Sorry I can’t help directly! But I hope my people can!

All the best,

Donald Appleberry

@Twana Rasoul

Hey Twana,

Full transparency I’m an Agent in SD. I completely understand the “no realtor/lender” idea, However I’m an active investor (house hacking and working out of state investing).

Reading this it more so translates to me as "We have one agent, come here our pitch and use us only." I just want to clear this up. I work with a lot of VA clients and am extremely against predatory "education" platforms meet ups. I hold my own as well. I'd just like to attend one to understand and see for myself this is not what you are doing. There are to many of those out there and frankly it's pathetic. I want to stress that in no way am I saying that's what this is! I've never been, but I would love to come!

I hope you can see my perspective on this and take no offense from the post. I believe in giving without expectation of receiving something in return and practice that in my business. I’m just a little thrown on the “No agents or lenders”. I think there should be a stipulation on solicitation for sure, but there are a lot of active lenders and agents that invest as well and forbidding people from a profession that you share seems shady/salesy. Please clarify If I’m completely off the charts here and I look forward to talking and hopefully meeting!

All the best,

Donald Appleberry

@Jack Ryan

Hey Jack,

Inspiring story and your mindset is a cut above. I'm holding a RE investing meet up in downtown SD tomorrow at 5:30pm. 950 6th Ave. Right next to Biga restaurant. It's focused on VA and military investing, but feel free to come out!

All the best, Donald Appleberry

@Patricia Steiner

Hey Patricia,

Just wanted to say thanks for posting this!

All the best,

Donald Appleberry

@David West

Also man, you might want to look at just cash out refinancing right now. Rates a STUPID low and that sounds like it might be a good compromise of both options. I have a guy if you’d like his info.

@Michael Ndjondo makadi

Hey man,

There a lot of back and forth in the city politics about this right now. A lot of the candidates are using AirBnb/short term rentals as a big point in their running platform. So it's hard to say for sure. However, I know a few investors with >4 unit buildings who do short term rentals with them. I think the big pushback is for condos and SFR in beach areas like PB. If you're outside downtown or not directly in the center point of busy areas you're USUALLY good.

I have one guy I work with that bought a multi million SFR on a golf course that found out after close his building was the only one not allowed to Airbnb. (I wasn't his agent btw) haha. SD has a lot on paper but what they actually enforce or abide by seems to be hit or miss.

All the best,

Donald Appleberry

@David West

Hey man,

If you’re building an investment portfolio out of state and this is your only rental here, I can see that becoming a headache as OOS investing has a learning curve that takes a lot of time (usually) our systems in place ect to avoid delays. However once those hurdles are finished it might now be to troublesome to keep the the duplex here.

We’re at a solid point for selling in the market, and there is a lot of demand so you’ll do well listing it. BUT SD is solid for long term investments. Tough call, but I think you’re in good circumstances either way.

All the best,

Donald Appleberry

@Jeff Bagamaspad

Hey Jeff,

Full disclosure I'm an Agent here in San Diego. Did 5 years in the Marine Corps as a Reconnaissance Man and moved full time into real estate. 100% of my business is helping Active/Vets use the VA loan for investing.

With that said, Ken hit a lot on the head. Inventory is low so you could expect a lot of interest in the property we’re you to list it. However, I typically recommend to my clients to hold for at least 5 years. Though, You have struck gold and don’t even know I think. West Chula Vista has a $1.1B Project going in for a resort, re-zoning, condos ect. If you’re close enough to all the developments I think you’ll see a very nice increase in your properties price over the next 5-10 years.

Many of the investors I talk/work with are pro SD real estate. But as I'm sure you're aware it's a longer play in this market. Bigger returns usually though! I would say hold it. However, If your debt is bothering you enough then I'm certain you'd have no issue selling it at the price you mentioned and re investing some of the profit in your next duty station. Be aware that if you plan to use the VA loan again it would probably be best to refinance before you move. As Ken mentioned, rates are very low and yesterday VA was at an ALL time low. I'm seeing 2.7% out here right now.

If you have any questions feel free to reach out. You’re headed in the right direction and have a huge knowledge base through BP. Here to help.

All the best,

Donald Appleberry

@Hal Jones

Dude that's awesome! I'm trying to help build a VA investing community here in SD. Would you be open to talking about your process and how you went about on an informal podcast?

@Christian Johnston

Hey Christian,

I'm an Agent in SD, prior Recon Marine then turned real estate into my career. I've been investing for about 4 years now. For my business I focus on VA and investing so I think we would be a good fit. You don't have to take my word for it though. You can verify what I'm saying by looking at my social media. I also am holding a VA investing meet up in downtown March 7th if you're interested.

I'm currently about to close escrow with a client on a triplex in Oceanside. VA as well. Got a solid deal and the seller paid closing costs. Usually they get wrapped up in the mortgage but we went a step further.

I’d love to help. PM me and I’ll pass over my contact info as well as details for the meet up if you’d like. Also, check out “From Military to Millionaire” on Facebook and Instagram. @David Pere puts out a lot of good content and has a community of like minded members that I think you could benefit from.

All the best,

Donald Appleberry