All Forum Posts by: Stephan Ketterer
Stephan Ketterer has started 1 posts and replied 2 times.
Post: Introduction, Looking for San Diego advice
- Posts 2
- Votes 9
Originally posted by @Twana Rasoul:
@Stephan Ketterer Start with a 2 to 4 unit multi family in San Diego...San Diego real estate is higher priced for good reason...it is a great quality long term asset. You'll have great long term appreciation as well as cashflow, contrary to popular belief.
I am curious where you think the appreciation will come from. On average, Americans cannot spend more on rent due to having little savings(on average). So that leaves either people making significantly more money (I have a hard time believing that) or an external group of renters entering the market. Due to the high California taxation I wonder if that is realistic, definitely not people in tech as seen in the Bay Area.
Post: Introduction, Looking for San Diego advice
- Posts 2
- Votes 9
Hello,
my name is Stephan, living in the US for ~3 years and recently moved to San Diego ( my wife and I love it here). Due to tax reasons I will move money from my home country (Germany) to the US ~200-300k and looking to invest in real estate. Given the San Diego prices I wonder if its a better idea to look for opportunities in Las Vegas or Phoenix since they are a short flight away. I am not looking to buy a single house (too much concentrated risk). I am happy about all tips how I could maybe invest in the San Diego area after all given my budget (1-1.5M given 20% down)
Sincerely
Stephan