All Forum Posts by: Mark Frattini

Hey @Josh Rowe, I have been really happy with my CPA. They are located in San Marcos however just about everything is done remotely. Message me your email and I can get you connected.

@Wendy Black

@Al Munevar

I believe it really comes down to the personal preference for the renter. I have seen STR do well all over the county. Have you checked out airdna.co?

Hey @Al Munevar, welcome to BP. I'm a realtor here in Carmel Valley and spend a lot of time in North County. Nice to meet you.

@Brian Ramos

If you are well capitalized and want to cash-flow on a non-owner occupied multifamily from day you will need a substantial down payment. Any property in any market will cash flow if you throw enough money at it. Have you considered looking for a home with a JADU/ADU? This would give you the benefit of a low down payment with good terms while receiving monthly income from the second unit. You might be able to find an off market property that needs a total rehab, cash only, and will not qualify for financing. Even in today's highly competitive market there are always opportunities. Just depends on what your investing goals are.

Are you guys renting now?

@Andrew Oddo

Are you interested in growing your real estate portfolio? If yes then rent out the home in Texas. Buy something here in San Diego that you can house hack and rent out when you leave in two years. Not interested in growing a real estate portfolio? Sell the house in Texas and pay the selling cost. No taxes on the equity gains which is great. Find a nice rental in San Diego and easily pick up and move in two years.

I'm guessing since you're on BP you are more interested in the former than the latter. Not sure what your current portfolio looks like now but if it's just the SFH in Texas I recommend keeping it. Selling your only piece of real estate in one of the fastest appreciating times in history and renting isn't ideal in my opinion. Unless you are planning on redeploying that capital into another asset that is going to outperform real estate.

Mayor Todd Gloria Wednesday signed into law an ordinance capping short-term vacation rentals at 1% of the city’s housing supply and prioritizing “good actors” in a lottery to determine who gets to offer properties for whole-home vacation rentals.

The San Diego City Council passed the ordinance 8-1 on April 6. Gloria’s signature sets in motion a city effort to finalize the lottery process for people renting out their properties.

This means the City of San Diego government will choose which landlords can continue renting their properties, and which ones can’t. A highly controversial style of governance that many San Diegans believe is overreaching. 

@Skyler Silva

Look into Deal Check.

@Cathy S.

I have a few ideas but first how much do you currently have saved? If you have been able to save $10k+ a month you should have a pretty decent amount saved towards the purchase of an investment property here in San Diego? Will this be your first property? Do you currently own or rent?

Best way to get started here is to owner occupy a live in flip, house hack or purchase a duplex. Say 5% down, move in, create some equity, identify another property rinse and repeat. As you mentioned putting 20% down on properties just south of 1M will take a very long time to build a decent size portfolio. We see a lot of first time investors in San Diego take advantage of the strategies I mentioned. 

@Ashley Nguyen

Congrats on getting started! As already mentioned buying a condo and renting out one of the rooms is a great way to into into real estate investing. You have more down payment than needed for your price point which is great. What other questions do you have?