These Are Strong San Diego Real Estate Markets to Invest In
You should know about these San Diego Real Estate Markets if you want to start buying investment properties with hard money loans. There are always opportunities to invest San Diego Real Estate Markets and you can make a great return on your investment. Whatever your goals may be, we can help you create an intelligent real estate investment strategy. The good news is that San Diego is more reasonably priced today than it has been in the past. According to San Diego Magazine, the median sale price ($493K) is less than it was 11 years ago, when it was $520K.
San Diego Magazine reports that San Diego Real Estate Markets are looking up in 2017,
“Change is coming, and you can see it in our road map to the next hot hoods. Imperial Beach is getting a massive makeover, La Mesa still has four-bedroom homes in the $400s, and Convoy Street has plans to become the next Little Italy. We talk to a Bay Park couple who fell in love with Encanto and a family who swapped Point Loma for Jamul. This is a real estate tour of San Diego County as it grows and changes faster than you can say “redevelopment.” And because commute time is crucial, we also offer a proposal for a new kind of transit—one that stops within walking distance of where you actually want to end up.
In La Mesa, it’s possible to find a four-bedroom house in the $500s and for $1.5 million, buyers can get an acre of land, great views, and lots of living space on Mount Helix. La Mesa maintains a small-town vibe with a system of public stairways created to help residents navigate the hilly terrain. The median home value in La Mesa is $496,600. La Mesa home values have gone up 6.5% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in La Mesa is $311, which is lower than the San Diego Metro average of $335. The median price of homes currently listed in La Mesa is $539,000.
According to San Diego Magazine, “Imperial Beach’s small size doesn’t necessarily mean housing is scarce. While a two-bedroom, two-bathroom beachfront condo will set you back $850,000 (or more), head a couple of miles inland and you might find a completely remodeled four-bedroom with a large yard for less than $600,000.” The median home value in Imperial Beach is $479,400. Imperial Beach home values have gone up 10.6% over the past year and Zillow predicts that the values will go up 2.8% within the next year.
South O is a coastal neighborhood which has stayed relatively off the radar compared to downtown Oceanside. Inventory may be somewhat scarce but it is becoming steadily more neighborhood friendly and the home values will continue to go up throughout the next year. According to real estate agent Deb Harper of Coldwell Banker, the average price of a two-bedroom, one-bath, 946-square-foot home is $605,099.
Developers and house flippers are the blood of the hard money business. These types of investors main concern is getting the deal and making money from it. Most Real estate investors don’t really show much income on their tax returns but they do make enough money to make the payments, so they cannot qualify for a loan with a conventional lender. Hard money loans will help finance real estate investments. Hard Money will provide them the money they need to purchase/refinance their real estate within days without looking at their tax returns or credit.