Now is a great time to start looking for an investment property in San Diego. THE MLS (multiple service listings) has a pretty decent size inventory of condominiums and apartments listed in San Diego with a great rental potential.
With the current state of foreclosures in San Diego it’s a great time to look for an investment property. The main reason is those who lose their homes to foreclosure need to move out and most move into a rental if they stay in San Diego. Downtown San Diego has a large inventory of condo’s that are built in the last 5 years with great amenities and locations that make them very desirable rentals. For those who have the ability to get financing or cash it’s a great time to purchase and investment property in San Diego.
The benefits are cash flow every month with a tenant in your rental property and a potential for good returns in the future when the real estate market recovers. At GL Investments we are working with a few investors that are looking for lower end of the market investment properties in areas close to San Diego State University. The benefit there is the rental potential of the continuous flow of SDSU students in need of housing.
Another benefit of buying an investment property in San Diego right now is as you build equity in that property at some point you can refinance and then buy another one. Interest rates right now are below 4% so your buying power allows you to look at the some great investment properties with cash flow. I have done a few case studies on Investment Properties in San Diego, one in downtown San Diego, La Jolla, and by SDSU, take a look by clicking on the links.
If you are interested in purchasing an investment property in San Diego or have some questions I would love to help you. You can contact me at 858 314 8145 or fill out the contact us form GL Investments. You can also follow our real estate commentary on Twitter and Facebook. It’s an exciting time in the real estate market in San Diego right now with great opportunities to buy a new home or purchase an investment property.