All Forum Posts by: Donald E Appleberry

@Arthur Williams

I hold the one in SD at my rooftop office. For Carlsbad that might be a little more difficult. I'm talking with some of the other hosts though to figure something out! 

I hold meet ups in Downtown San Diego once a month as well. Usually 20-30 people will come out. New and Experienced. Feel free to come by! I go to "Sunset Meetup" in Carlsbad as well and that one has always been good also!

Hey guys,

Typically, San Diego isn't going to cashflow right away. The two fastest ways to get cashflow here are Value add or SFR house hacking. (Renting rooms). Oceanside and TriCity are very solid areas in North County for investments. I favor Chula Vista south of San Diego for the best long term play. $1Billion Project approved for West Chula. West Chula is overall cheaper than east chula. There was never a reason to be in West Chula Vista. I think that'll be changing over the next 5-10 years.

Overall most places in San Diego county are good areas for buy and holds. Best of Luck!

As much as the investor mind doesn't like to look past the numbers, There are some other things to consider when comparing a condo vs SFR IF it's for a personal residence. Emphasizing the "IF" just so nobody misreads and thinks I'm saying the numbers aren't important. They are. Okay, on to the post.

I think often times people get spun up in the numbers of the deal and forget that they're going to be living there for 2+ years. I work with a lot of VA and see this happen a lot. We will find a really good deal numerically (relative to using the VA loan) but once the client visits the area and home decides against it. You're investing more than just your financial situation into a primary residence turned investment. A big thing with military is the time management. Their work schedule can get crazy out of nowhere. So a condo is picked a lot of the time because they can't keep up with yard work and home maintenance, or at least they'd rather not deal with it.

Its going to come down to your personal goals, lifestyle, and risk tolerance as to what deal is the best deal for you IMO. I've lived in both and I love condos way more than I thought I would. However as Dan mentioned, a bad HOA governing your units "do's and don'ts" can become and issue when trying to rent or sell in the future. Hope this helps!

All the best

@David Pere My Dude is crushing now. Congrats @Elijah Rosett

@Emery Jensen

@Maria Martinez

@Trevor Haney

Hey guys! 

With everything going on I'm just getting final approval and will hopefully have it this evening. Yes, feel free to just show up! We will be doing more in the future. (The goal is a monthly meet up.)

@Summer Noyes

Hey Summer,

You’re not wrong when talking about the market times right now. San Diego has a pretty low inventory and the COVID situation hasn’t helped. Buyer demand however, hasn’t seemed to be affected to much. Slightly less than normal but you could argue that’s due to the competition in the market.

Depending on your area, 6% isn’t unrealisti. And with the low inventory and high demand I wouldn’t doubt it to stay there. San Diego market is a long play and usually you don’t cashflow day one, so I’d be curious on checking out your numbers with you!

In most areas, finding renters isn’t an issue at all either, even during this weird time. I’ve helped 3 of my most recent clients fill their properties quickly with plenty of potential tenants to screen from. So as long as your #s are on point I’d say take it and run. Like yesterday. Haha. Especially since it’s so competitive right now.

Feel free to pm for some other info and id love to see the deal you’ve put together! Keep up the great work and I hope this helps. Talk soon!

@Trevor Haney

The Saturday event as of right now is only in person, I'm working on setting up a lobby to add virtual attendance as well. 

@Seneca Pena-Collazo

@Michael Harris

David is correct, We're working on the virtual meet up and military service is not required. A lot of the the strategies we talk about are VA related but not exclusive. The more the merrier!

@Ashley Chaia

Hey Ashley,

For what it’s worth, before COVID I was holding real estate meet ups at my office. Primarily military investors, but open to everyone! The next one is scheduled for June 6th. We’ll see if that can actually take place though!