All Forum Posts by: Account Closed

@Maxwell Ventura thanks. I will check it out. I go down to Carlsbad quite a bit so I could see that working.

1st post here, thanks in advance for advice. 

I have been a reluctant landlord in the past when we moved from San Diego in 2008. Held the condo for another 6 years before we sold. Made some money on appreciation but didn't realize at the time how good depreciation was as well. In retro never should have sold it. But I was focused on growing my business and didn't really want to deal with it for the limited benefit at the time.

Anyway, fast forward, we have about $400k ready to invest in our first property (or multiple properties) and we are trying to decide between multifamily or SFH. We could put another $200k per year towards properties.

With this type of investment is it possible to cash flow, or get close, in Southern California?  Preferably a beach community from San Diego up to Santa Monica, Orange County most preferred I think just because I could at least drive by it when the anxiety demands it. Not interested really in paying cash for the properties, we want to lever up while we are in a position to. 

I don't want to get ahead of myself, but the idea is to have about $1M cash invested over the next 5 years. Then sell company (day job) to try out being a full time passive real estate guy.

So…what would you do?