Is anyone here buying in san diego or california?

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Submitted by moneymaker on November 8, 2018 - 11:25am

I'll admit, was looking a while back (as a trade up) but right now with everything that's going on there are too many negatives for me. Could see moving out of state after retiring but will re-visit that at a later time. Seems to me even if looking for investment property it would be better to wait for the crash, then buy.

Submitted by Myriad on November 8, 2018 - 5:19pm.

Not really for investment property. Too expensive here compared to the rent/return/cap rate.
I'm looking a more diversified REITs or crowdfunded investment property in the rest of the US. I liked some of the investments on Realtyshares, but that site just closed down new investments.

Submitted by Escoguy on November 12, 2018 - 7:34pm.

I'm still looking but not aggressively.

I'm going to receive an inheritance in the next couple of years, likely sooner than later and was thinking about 1 or two more rentals.

I'm seeing a cap rate of 6.3% which still works for me but it's inland and relatively new. My wife says, why mess with it, we already have 6 and she thinks that's enough.

ROE with variable rate would be about 10.9%. With fixed rate 5.3%.
Decisions, decisions.

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