Anyone have success with real estate in California? I live in San Diego. I am looking for cash flow plus appreciation.

I only have a primary home. I would rather start near home first…

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San Diego is very saturated. Homes went up like 50% during the pandemic so ROI is pretty unfavorable right now.

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If I lived in San Diego and wanted to do a real estate thing, I would do a short term vacation rental. There are new regulations but the number of permits granted was fewer than expected so permits are available and having a permit gives priority in future years.

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And, I need at least 20% down. $300k up front. I just don’t know if there is anything worth the hassle in SD…

I wouldn’t spend a dime in that state. Or Illinois. Or New York City. Not worth dealing with the regulations or taxes.

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nope there is not a single person in the entire state of california has ever had success in real estate

do you have an actual question to ask? no one is going to give you an example of a cash flowing house. they’d just buy it themselves

good one lol

You likely need to find a house off market and/or add value.

Agreed, thanks!

Not I

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