All Forum Posts by: Jean Hayes

@Jose Guevarra Unfortunately, my family is not in a position to consider investments. I could check with my friends, although, I think they're in the same predicament especially with young kids. I think I may need to make some new friends who can tolerate some risk. 

@Account Closed

@Justin R.  Thanks Justin. Unfortunately I've been doing this on my own. That's an amazing return without the work and life disruption. How do you know who to trust?

@Account Closed  So I've heard about NV and AZ. I looked at multi-units a couple of years ago, but was intimidated about selecting the right neighborhood and managing the property given the distance being based in San Diego.

@Twana Rasoul  Every dollar counts.

@Dan H. Thank you for your advice.  No, I am not currently living in it...for now.  I have the junkiest house on a block of million dollar, San Diego bay and downtown view, hillside homes.  According to my architect/engineers, a proper rehab would probably cost over $200,000.  For these changes/updates, it would probably only add $1.50 per invested dollar, although I'd probably be able to charge $2,300-$2,600 rent for each unit (i.e. adding a bedroom to the current one-bedroom unit), an increase of about $1,000 per month.  

Hello, I'd like advice from experienced investors on how I should invest $100,000 in San Diego, CA.  

1) Should I use it to upgrade my aging, dated, duplex in order to command slightly higher rent?  

2) Or should I use it to try to buy another property in San Diego?  

I honestly wish that I could remodel my hillside, San Diego bay view duplex which I bought in just a couple of years after the crash.  Unfortunately $100,000 does not buy much in San Diego and I do not have a co-signor.  It's very stressful trying to decide what's the best way to invest the small amount of money that I have, especially knowing that the decisions I make will affect how my retirement is supplemented in about 10-12 years.  I need to make the most of this hard-earned money and am open to suggestions.  

Thank you.  

@Joe Sherman @Mark Nolan

Thanks for the kind welcome Joe and Mark! I look forward to learning more about REI and actually moving forward with some sort of plan...tired of working for someone else. JH