If you happen to be searching for ways to diversity your real estate portfolio, or simply to get started in real estate investing, purchasing a San Diego investment property is a great way to do it. This California community is a popular location for young and old alike, due to its warm weather, sunny skies, and laid-back lifestyle. As compared to the rest of the state, housing prices are fairly reasonable there. If you want to buy a house to live in that will appreciate in value or are looking to become a landlord or re-habber, then this is a good community to consider.
If you’re interested in San Diego investment property, a good way to start would be landlording. This city is a hub for college students, artisans, and other eclectic sorts of people who have transient lifestyles. It’s also a magnet for retirees who are looking to shed the responsibilities of homeownership. You should have no problem filling your rental home with tenants, and the area is desirable enough that you can charge more than enough to cover the mortgage, maintenance expenses, and taxes and still make a profit.
Re-habbing is another good option, as there are currently plenty of empty spaces in the area, due to the foreclosure crisis. You can easily pick up a good house at a low price, spruce it up a bit with minor cosmetic work and repairs, and then either rent it out for some good money or sell it at a significant profit. You might also choose to live in your re-habbed house for a while until the market turns around. That’s because once the housing market recovers, a San Diego investment property is in a perfect position to appreciate in value considerably. You can stay for a few years and enjoy the lifestyle of the town, and then cash out later for a veritable fortune. Any way you approach it, buying a house in this area is a smart financial move for both immediate profits as well as profits down the road a bit.