저자: KenSchwartz · 외국인
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샌디에이고 Chula Vista 부동산 투자 현장 답사 영상. 동네별 특성(올드 Chula Vista 서쪽 vs 동쪽, 임대 비중), 주택 가격 하락 후 시장 관망세, 금리 상승으로 실수요 이탈 언급. 2023년 3월 시점 금리 상승 여파로 매물 지연 판매 및 시장 하락 흐름 설명. 주식·상품 가격 예측 발언은 없음.
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thank you so much for coming out to Chula Vista with me you know I really love this experience I learned a lot today how to look for real estate investment deals all right so we made it to Chula Vista I'm not sure if no this isn't the house that's for sale this is the one that's next to the house that's for sale don't really know exactly what's going on here but I'll tell you some people are spending money on the homes out here first of all we got some solar panels over there they just threw in a brand new roof I know that because they still have the roofer sign right there and it looks like a brand new roof it's a pretty dang good comp shingle roof right there too uh over here I love seeing this I mean this these people spend money over here because yeah this one hasn't yet this will be the next wedge deal and see what happens if you buy one wedge deal on the street and people know you then the you know they'll call you it's like hey man you want to do that to mine too you know I'll sell it to you but anyway we're gonna be looking at the one right next door which looks a little bit like it needs some love but in the meantime you got this one this is gorgeous uh they're missing their chimney Camp up there that's all right you know those are like 125 bucks and you screw it on it's pretty simple but gorgeous work on the house out here I mean this is a really nice remod so I'm not sure if like a flipper may be flipped it and then they moved in but uh I don't I honestly I don't think a flipper did this it looks it looks too nice like the artificial turf I don't see Clippers do artificial turf because that's like probably these days 12 13 bucks a square foot these Mexican beach pebbles right here by the way were like 15 minutes from the border but anyway that doesn't make them any more inexpensive those things are expensive those rocks so these people really spent some good money on their house that's a great sign the school districts out here for not phenomenal but the problem is you still have sort of this this mixed neighborhood in terms of what you've got right like they added a second story out here you see the the staircase going up so they've done some kind of add-on on top of their garage you've got uh RVs uh here you've got you know this is sort of your more classic original property right here single story probably three and two I could see what looks like the original zinsko panel the electrical panel so you know still this this isn't this isn't like you know this is the last fixer left but at least based on the pictures the Cosmetics inside look terrible but one of the first things I notice is beautiful new dual pane windows so we'll see how it goes but we'll say hi to the agent this is this is awesome uh we're like I kind of like so I'm from Ventura okay and this reminds me a lot of Ventura and I like Ventura is my home so I like that this is my home yeah yeah I I love it already I and it looks like people are spending good money I mean they just re-roofed over here this one's remodeled this one's remodeled yeah do you get this where you just have just the older kind of holdouts okay go ahead yeah so there's a lot of older families that have lived here I mean these houses were built mainly in the 70s yeah so a lot of the homeowners are the original homeowners but there's also a lot of new families coming in so I feel like it's a really good area where we're able to take a home that you know was Grandma's home yeah yeah exactly my mom's home and then like my mom tells them if she were to sell it right now it would be you know it's four bedrooms and three bathrooms with a pool and a second story we could see the ocean oh my God it's all old yeah yeah sure so it's going to be a really great deal for someone no it's all right good for you let's see because you know the value in it yeah yeah yeah that's awesome third fourth quarter is probably when we're looking as we're we think we're still a little bit on that slope what are you saying well in the area um I did print you some paperwork too just for you to look at yeah I'll take it absolutely so the prices are I mean they're down from last year but they're not way down and actually I think it's up a little bit from December yeah we got a little January pop there yeah I think that was when like rates popped down we almost were back in the fives there for a minute yeah started right here yeah but would I really like to tell my clients you know is that you're married to the price of the home you're not married to the interest rate see that's a good point right so things are always adjustable all right perfect shoes on okay thank you perfect great okay quick so yeah this is this is very similar to what I would experiencing yeah this is great I mean we've got the cabinet opportunities here we have a smaller backyard back here this is this is exactly what would be looking at um yeah nice awesome okay acoustic ceiling how are the neighbors yeah yeah I think any room we shouldn't go into good good oh they put a new vanity over here oh yeah see I love this map I love this this is this is a good one did you get that one always look at this the original first it's perfect this is I love it it's great cool awesome so fixed up I mean I've seen in this area close to the millions yeah that's what I thought and 790 and so you're thinking fixed up close to a mill that makes sense 4 2 16.
only one story yes right so I mean I don't think you're right 189 days why yeah the area is just real slow right now I would say the average timing is like between 70 and 90 days wow a year ago it was 13 days yeah no kidding you know um so the house I sold in this I mean it was a little bit more south than this but it's still the same neighborhood and it sold we originally it was okay so it closed in November yeah we listed it I believe it took us two months to sell so it was probably on the market for like 60 days yeah and it was right in the time of everything coming down so we listed it I listed it low because of the work it needed so like the comparables was telling me it should have been close to like 8.90 yeah and because of the repairs it needed I'm like okay well we're gonna you know make it affordable for what it is so we listed it at 8 19 and then we had to lower it to 7.99 sure and we sold it at 7 40.
oh wow so that's a big spring because it just was like right when the market was falling down it was like no yeah yeah so but it is what it is we got them out we got them their money they're in South Carolina now oh yeah if that happens east west of the 805 from about like all of this area so from third or fourth or even fifth to the 805 and maybe yeah 8th Street to L street or I to L even I really like those homes that area the environment it's very family friendly they have like a Christmas Tree Circle where they light up the whole block police there to keep it all flowing so it's a really good easy to sell homes over here then yes so these ones over here are usually going to start out a little bit higher you know so the whole thing is going to go up that way so if you can get it cheaper and make more then that's good but over there there's a lot more renting families I believe okay so for long-term rentals is probably a better area sure I know for farming it's hard for me over there so I picked a different area because 40 of the homeowners I mean 40 of the residents are renters yeah yeah in that position yeah yeah so when I'm knocking on houses they're like oh no we ran and I'm like yeah yeah so you would you would Farm over in these neighborhoods then instead I would say there's more homeowners over here but maybe more turn over there yeah okay okay yeah somebody even out then for farming yeah yeah exactly so I like to knock on doors with homeowners in them but then also you can get an idea of who to send letters to yeah exactly yeah my favorite word I always a phrase I always used to use is when I'd knock on the door I'd ask them when when do you plan on selling yeah do you want to say when oh a couple years and I would write that down and then who was knocking on the door you know a year 18 months later with me so what we're finding is you're getting more suburbs on the east side of the 805 you're getting sort of more larger uh suburban homes uh you're getting your tracked homes out here where it seems like on this side between H and L you're getting more of sort of the downtown uh feel not necessarily downtown but a little bit more of uh maybe the 1940s 1930s homes uh but uh that that potentially have slightly more renters at least that's that's what we're hearing uh right now so uh we'll see I mean this I really like it out here you know the thing with California is the cash flows are a little lower so the way we'd like to solve that because the upside is so phenomenal is uh by blending that together with properties and higher class or cash flow areas so uh yeah solution for everything ain't that right Mikey solutions for everything you look cold I'm not I'm not that cool you need a warm-up you can tell they're well off look how clean this is the white car is the White House the Tesla the 500 is the M3 you got to be wealthy to have a new BMW but you got to be freaking rich to drive an old one it's all the German Parts terrible yeah that's a good point that's awesome so it is I mean this uh this particular neighborhood how does this compare to H and that so this area is just a little more like larger families maybe or is it just newer homes they're just fancier here yeah okay the further you get West the older the neighborhoods okay okay so with older neighborhoods comes a different energy and dynamic of town I would say and and would you say those are like 1920s then out there 40s and then maybe here you're getting the 60s 70s 80s well not so early like probably more of like end of 50s 60s over there and then like sure later 70s over here got it okay so I mean in a matter of you know 10 years it's not that big of a difference but it just is yeah yeah gotcha A decade is a lot when it comes to you know fashion yeah yeah it's been strange a lot of fashion of homes I mean now you go and you see a place and you're like oh that's a 2008.
right you'd tell right away so uh I heard the schools out here pretty desirable is it is is that pretty true of all the Zips or is there a difference between the zip codes you're seeing out here I would say in Chula Vista all of the schools are really good um I mean again the more West you go it's a little more low income okay interesting okay okay that's towards so West towards more West Water ocean wow really interesting okay but it's because we're not gonna go all the way up to the water in Chula Vista there's a salt mine and a bay I see okay that's like Fruitdale is where that salt mine is Costco nobody calls it Fruitdale but on this on the map so that's how you know I'm not from around here all right gave it away so okay can you give me the address again please oh you know I don't know what it was uh but I could find it really quick the uh where do people generally work out here do they commute to San Diego or is it a lot of work from home out here I've found in Chula Vista actually there's a lot more people that are not working from home still because it's a lot of Working Families got it again with the farming why it was harder there everybody's gone all day because they're at jobs they're working okay are they do you think they're commuting into San Diego mostly or yeah into San Diego we have I mean we have a lot of trade positions available here there's always construction going on we have 32nd Street we have the Naval bases we have more towards East we have and north and east there's a lot of buildings for science how's climb honestly I've grew up and walked around Chula Vista my whole life at all hours of night when I was a teenager because that's what teenagers do and I never had a single bad thing happen to me so I mean there's a lot of people who will say things about Chula Vista but I mean in my opinion as a resident of 34 years yeah 35 years basically yeah um I find it to be safe you know every area has little things but it's not do do folks generally just call the area where we were Rancho del Rey and then Chula Vista this side of the highway yes that's correct okay okay gotcha even though technically Rancho is part of yeah it gotcha technically East Lake and Otay Ranch are also part of Chula Vista oh wow okay way there that's that's out there by like the Sky Zone and that yes is that just newer construction more on the fringes that okay yeah when I was little now I feel like one of our parents because I'm like oh my gosh when I was your age none of this was here yeah no kidding when I was growing up this was dirt we would come bring motorcycles and now they got the frozen yogurt and the trampoline park and business Parks okay how would that East Lake let's say or Otay compared to where we just were I would say the starting prices are gonna be even higher that way just newer construction right because they're mostly I mean brand new within the last 10 years even gotcha so the price points are going to start higher and because they're newer I don't see them being run down enough to make a huge turnaround unless it was in foreclosure or you know pre-foreclosure that rare pop-up yeah yeah some random hoarder was living there and trashed it and pulled all the walls off those are our favorite yeah yeah so yeah so uh what about around where the West Field is like that pocket up there The Shopping Center yeah Plaza Bonita yeah no that's a really good area too I actually saw a listing over there that might be a good one for you guys to look at a little pricier up there yes but there was a house over there in Bonita for only I think it was in the 600 thousands and that's why I clicked on it I was like what yeah yeah exactly but I also saw the inside of it and it is a lot that has a lot of potential gotcha uh how often do you get just the one baths uh or is it you generally out here just three one and a half you know like where we're going now do you get any one baths out there or no it's all twos yeah okay I don't think I've ever gone in a house in Chula Vista that only has one bathroom got it got it we get that in Ventura still yeah Claremont area there's other areas they just make smaller houses but Chula Vista is an older town so people used to like space House San Ysidro well San Ysidro is about two minutes from the border yeah there's really nice houses the price points go considerably down oh wow okay over there same for Imperial Beach I would say Imperial Beach is probably closer to Chula Vista no okay okay the thing about San Ysidro it's literally the Border got it it is the Border yeah yeah okay so I would feel comfortable walking in Chula Vista at night I would definitely have at least mace on me if I was walking at night in San Ysidro wow okay I understand say uh Chula Vista compares to like alcohol and La Mesa and price toe just sort of quality tennis I mean person who's out there so my husband actually lives in El Cajon and I had never been to El Cajon until going off were there to see him and I really like it I feel like it's very similar to Chula Vista just more East and so the prices are cheaper that way you cannot see the ocean it is hotter when it's hot and it's colder when it's cold sure and they're probably not the level of maybe like a Baker's field more that far oh no no no it's only 18 minutes from here got it to get into El Cajon so um no it's a nice area too and it would be very um it'd be a lucrative area as well okay got it how would you compare let's say this uh this portion of Chula vist that we're going into now compared to El Cajon is that somewhat more similar yeah gotcha okay the main town of El Cajon the houses are very similar the the lots are very similar the floor plans are different obviously but I mean the sizes I feel like and the driveways the garages The Yards do you do Property Management out here as well which is sales just sales apparently so my mom lives just up the hill this way oh so from her house we can see the ocean that's incredible so just up the hill Oh so some of these Elevate up I see yeah so this is all flat and then it goes up so my mom's house is on the top of the hill almost so if you go down l or no you're you're saying down maybe Hilltop oh well I get it okay Hilltop towards Otay Valley oh Thai oh Thai thank you for that okay so I know I can't tell you if a neighborhood is good or bad but I if I were buying a house to live in with my family I would want to stay more on the morn North area of Chula Vista and not extremely West got it is that uh sort of do some people say like L is maybe uh no because it goes well um or closer to Paul's Palomar yeah probably closer to Palomar okay because East Palomar when you go up Palomar right is really nice that's a hospital in that house yeah so there's hospitals there's a lot of condos um and then those other track homes that all look exactly the same got it and so like orange and Palomar yeah orange is where we go hmm I don't know if I want to live in that area got it okay so if we were to go from L Street to L Street really like all yeah maybe like this whole area yeah yeah yeah right here I mean and then up is fine um anything over here is gonna be more affordable sure but that's because of the area yeah yeah um and then on this side going this way so probably same thing around like third ish and then like this area got it got it so of Chula Vista this is like this is what I like best if that makes sense so within that 1-0 and then even on the east side of the freeway then I got you yeah a little bit over here got it that's really insightful thank you for that yeah thanks wow thank you very much okay so um okay all right so what was this this one coming yeah yeah okay okay but that one's sold or something oh okay okay and how much was that one I know we're not going inside of it but we can find out oh 6.99 got it yeah 6.99 but the other one down the street that's fixed up is 800.
yeah yeah so original kitchen yeah exactly you saw the green flooring then yeah uh so it seems like uh this is more rental heavy yeah the other side being the more homeowner heavy yeah I prefer to be in the homeowner what about I guess the last question I have is towards the water over here is this just development or is it yeah like industrial or commercial or is there any real estate out there around J Street from G Street to all this area is a kind of like a park okay a marina oh so it's a marina they have a pier where you can fish you can dock your Boats off of this living Coast Discovery Center is an area where they have animals that they're rehabbing and schools can go and do field trips so that's really cool they have the salt mines are down here more but this whole area they are working on developing somewhere around here they're trying to put a Convention Center oh wow okay so they're really trying to build it up because it is beautiful do they do short-term rentals out here Airbnb or anti-that or okay I think the everybody wants to be against it yeah yeah but I'm pretty sure everybody's still yeah yeah because Chula Vista in this area there's no HOAs and everybody pretty much the whole city house yeah they're just what about that way that way is when we will start to get HOA gotcha okay okay um should we just try not to have hoarders next door yeah okay got it this is amazing could you shout yourself out uh your name number however you want people to get in touch with you hi my name is Jody Heckle I'm a local realtor in Chula Vista in SoCal San Diego if you are ever looking for a place to buy or sell you can give me a call 619-770-4175 my email is Jody's the realtor gmail.com and I can help you with any of your real estate and investing so thank you so much it was a pleasure really appreciate it all right so as we're looking at Chula Vista right so Chula Vista is divided when it comes to the market real estate market is divided into the east side of Chula Vista and the west side of Chula Vista the 125 being the main divider and then the 805 in the end of it the main divider um old Chula Vista we consider anything west of the 805 okay this is where you're gonna find the three and twos big logs Grandma and Grandpa's house that have been owners for many years that may need to sell usually they sell at a lower price because they're not updated homes they don't have the big larger bedrooms as you may find on the east side of town we're very short in in housing so they're very friendly to Annie which is great potential for investors you want to just get your Adu started sure um to add value and then turn around and you can sell it yeah that's also a good idea because if you could buy and then just wall your tenant is there renting apply for an Adu when they move then do your Adu when it's approved right and Adu um the junior edu is up to 500 square feet uh the regular Adu is up to 1250 square feet that's usually a two bedroom on the June on the regular Adu which you can rent in town a two-bedroom you can rent it for close to two thousand dollars okay being an Adu with its own bathroom maybe two oh we have more people coming make sure it's like an open house whoever's last could you close the door thank you um so that's what you have on this part of town okay we also have a huge new development at the end of H3 so this street is it's not ideal for me to show you a house on H Street it's kind of a busy street but is the main Corridor the leads all the way from East Lake all the way down to the harbor to the ocean okay when you get down to the ocean if you go north and south there's about a five mile area that is being redeveloped and you can look it up um there's already plans for a master plan luxury oceanfront condos that are going to be built so all of that they're being uh we they're redeveloping that whole area yeah I've found in other cities uh in in Cali they've uh they've kind of purposefully tried back burnering the adus so it's good to hear that here they're trying to actually push them through our city is making a big push in Chula Vista La Mesa they've been also doing that so when you were looking for an area that I would recommend yeah it just depends on what you're looking for I mean uh Makai kind of put Chula Vista on my plate and that's what I focused on for today but I would also look at La Mesa just because it's a it's a family-friendly it's the same tea so la mesa family friendly area bigger Lots with a lot of potential for the development of adu's Junior Adu so that's between here and El Cajon then okay it is yeah so it's it's right here it's El Cajon is like right here around it so it's patchy so you have to be careful right where you buy but it's it's also very nicely uh great potential for Great Rentals um and bigger Lots on the home side now the huge attraction to Chula Vista is the school district which to me and I'm also a little investor so for me when I look at where to buy yeah I want to make sure that I'm able to either sell or rent that property liquidity yeah exactly it's School District so you have Poway School District which is up here Poway School District is a it's a great School District home prices are much much higher than our home prices oh we're probably wow okay whether you rent or you buy Chula Vista especially on the east side but Chula Vista has a huge attraction we have dual immersion programs in the local schools we have a lot of charter schools brand new so this area was built in the last 25 years so in this section you have charter schools in it okay okay so anything that you can buy in this area will be rented on a heartbeat and but they're track homes sure it's it's there's your cookie cutter type home yeah yeah exactly smaller Lots between 3 500 4 000 maybe sure adus forget about it you can install I'm not going to do them over there is that because what the city's requirements are or just not enough room there's not enough room got it got it okay so adus would be more down this side Chula Vista heart and then this area was called uh East Lake East Lake East Lake Area okay okay it's like you could still do Adu so I have a client actually that's built in an ad the middle of East Lake trails which has two HOAs and the HOA said no you can't and he said no I can because the city says so what the state requires it exactly yeah but it's a fight it's a fight but the it was a very small fight oh because the city has so much power and wants to have 80.
that's really interesting what about Rancho del Rey relative to East Lake yeah so now so that was the story on the west side right now if we talk about the east side of Chula Vista this is actually my turf I live there so it it's divided between the 125 and the 805 the 125 East is considered East Lake in the north Otay Lakes or Otay Ranch on the south excuse me this side Rancho del Rey Terra Nova sunbow they don't have melloroos they don't have HOAs so that's where you'll find the bigger Lots three and twos four and twos um the east side it's plant development Community East Lake one two and three and then you have the Otay wrenches that range from 1 to 13 and those are different plans got it got it their team being approved not built yet on the north side of the league wow still build that's great that's fantastic that's the very last development that's being built as well as um down here down south south of Chula Vista and North of San Ysidro there's a new development by Aquatica okay okay usually I like the tried and true neighborhoods that have already been established that was just sometimes you go into new construction neighborhoods you just don't know what's going to happen to the neighborhood because nobody's moved in yet yeah so so that you know the East Lake anything here my ZIP code 91914 had two listings two weeks ago yeah okay sure and there's thousands of homes where you so it's it's a high high attraction yeah for families the school district is a big Telltale but so I imagine even though here where uh where we are now you've got older homes more of them that have that upside potential in terms of something to renovate it seems like if we wanted the most secure less risk we could potentially be on this side of the 805 and then look for maybe that track tone that happened to have been a hoarder or moldy or some kind of fixer do you see that often very few on the east side we do see that's East the 125 you said very few we do see some probate um in Rancho on the east side of the 805 so yeah okay either Rancho all the way to East Lake very few in East Lake because these are like 90s plus right yes yeah okay and then these are 70s 80s okay okay that's perfect this uh that kind of Region's perfect for us but I kind of hear you say the less risky here this is a very low risk area the one one area ZIP code okay one one and one zero um and husband okay these homes that you're now looking at 600 650 maybe 700 yeah or about 400 uh three four five years ago before this new development was was kind of out in the news and covid and all yeah yeah but not even coveted yeah it's it's just development because the the base Bay Front was not a great part of town um Third Avenue is the main street that goes right through downtown uh Chula Vista the city has spent a lot of money rebuilding that area so now you have micro breweries you have little uh shops boutiques so they're really trying to attract a lot of business to the area that sounds awesome which then expands into the residential right by the water um yeah so and and then you have Alden Oceanfront Waterfront right right you know construction that's coming so this is really insightful thank you for that that's awesome so what if you were going to pick rental properties where where would you pick in this this area it depends on where you what kind of rental property now then you have Luxury Rentals yeah short term so where do you do short terms out here okay so it depends if you want to do Luxury short-term front rentals year-round attraction would be Coronado got it 92110 anything there will rent um year round and they actually allow them with some restrictions so short-term rental sorry it would be a 30-day minimum 30 minutes in Coronado itself but um high demand for short term meaning Airbnb so three days yeah nightly rentals would be Mission Bay Pacific Beach Mission Bay La Jolla as well or no um not as much as Mission Bay okay okay because you're closer to the water here yeah I mean some of them are right on the water but this is a huge attraction for the uh uh the short-term rentals the nightly rentals okay we do have some restrictions there we'll be very carefully that's the market you want to get into because we were just Lamb with a maximum number of licenses uh yeah up to six thousand we used to have six twelve thousand rentals and the city just said no 6 000 is Max and it's Lottery interesting yeah and it seems like there are a lot of airbnbs on the market right now so I would do 30-day minimum which we do have a lot of nurses travel nurses and Hospital staff okay or just rental long-term rental where would you go for that um you can do North Park that's a it's a very good area um of the eight you have Mission Valley okay appeals to a lot of business families because it's close to everything and how would that compare to let's say here or uh past the 805 yeah both sure price yeah so in the in the a corridor it's the main freeway that travels East South you have a lot of businesses along that freeway but then also you have that freeway that connects on to uh Sea World downtown I see so you have multi-family multi-unit type so condos Town Goddess that would be that market that's there okay we're here at single family sure as well as condos and town homes to your family and you said you live in one four yes okay okay gotcha gotcha four one five one three it's a very similar Market um one three being the higher I would say um and just because the way it was built 91913 the Builder decide not to pass the melloroos onto the homeowners so he paid it so homes in the 9113 pocket there's one pocket that does still have Miller Roots but most of it sure yeah so usually it sells more than it sells for more if you have a home there than lower monthly cost this uh I think the next property you have is is Zenith that's that's down here in the Mesa I think no it's actually but on the South Side like my orange and then okay yeah and so how is that area relative to maybe here so it rentable um well yes still if it were me I would rather be close to Third Street Third Avenue that's up this way yes okay okay I understand okay just because you you have the restaurant live you have that's more family than you have to travel to go somewhere this is a little more appetizing so I would be close to 8th Street and Third Avenue if you can't agent third agent third got it okay and that's where we're at first right now so I'm assuming yeah that way okay okay this is awesome wow so thank you for that this is incredible welcome so uh all right well I'll take a peek around a little bit and then we'll take a look at this one I have it broken down by neighborhoods this is so great by the way thank you for that it's so so helpful because just visualizing it yeah that's I put myself in your shoes or anybody else's shoes I have those open houses you know like nobody does this right so good job yeah yeah like really good job thank you uh I've done this once or twice before yeah yeah I could tell good for you okay fantastic so as we go I can definitely point out the different you know the The Good The Bad of the neighborhoods sure what will be more attractive this home it's a little unusual just because it has additions and I know I read that you saw that Hey listen okay look at that that's awesome I went through it I'm like oh sorry this one but I just kind of wanted you to see the area at least it was a good one to just come in yeah absolutely and they go from there of course yeah very typical standard you know older kitchen smaller like the older what would something I mean in in this area do you have a lot of upside if you've I mean they've already done some of the renovating right but let's just say this one was a little moldy or whatever and I don't know needed some more love uh what are you looking at how much would this sell for chip and Joanna remodeled if you were remodeling yeah so say that it's in an even worse um probably can sell it by it in the not good condition for 5 50 yeah 600 range remodeled three and two 700 750 yeah okay 775.
yeah that's kind of that sort of exact range that we're that you're looking at yeah that's perfect yeah and then that way we can invest 50 75 80 whatever when you're becoming electrical it's simple okay uh awesome now uh out here lot signs this is roughly typical out here it's larger than what you had mentioned five six thousand square feet is typical for this area most of them in this area it's a flat Chula Vista is pretty flat and so all the lots are very usable yeah um and flat you know you can have some retaining walls built but you could push back like I said and also a lot of flat roofs I was noticing on this side yes okay not my favorite no they don't last as long yeah yeah but you do have access to the backyard from the sides of the homes usually so if you have an Adu in the back you can have its own private entrance as opposed to like maybe a zero lot line that you might get okay exactly gotcha uh and are people mostly converting garages are they building their own adus in the back I see a little bit of everything the converted garages I've seen them not permitted yeah yeah sure yeah how tough is the city we wanted to do it right but right um so if you were to convert it so it all depends on how well the electrical and plumbing if there's Plumbing there was done if it was not done up to code then obviously you need to bring it up to code and get it approved but like I said the city is very friendly to uh okay approving extra Living Spaces okay yeah that's awesome great yeah let's go to the next one then that's super cool yeah I'll take a quick peek at the back we can take a look at the yeah the bedrooms and then the flat flat paint on the back door it's always funny when they do flat paint paint on the doors it gets so black so fast yeah yeah so this is the original side of the house that was added yeah so was this originally a three in one so yeah and these walls a lot of times you have walkthroughs this is a three and yeah were they connected yeah you can go on on the other side they've closed it up oh they built a oh no no it's a three and two oh there it is Makai said a three and two I thought I follow the rules but look at that so okay wow this was added yeah yeah that was a little half bath at it there so the master yeah okay but the size of the rooms this is pretty typical yeah if you go to the east side the newer construction anything even smaller okay gigantic really yeah okay okay now families like big master bedrooms big Master bathrooms with shower and a tub so if you go east the square footage for the bedrooms is definitely much bigger the minimum I would say is 12 by 10.
okay we're here you have 99. like the secondary bedrooms or 99 yeah he almost crashed into the airport gate so I'm gonna lower my deductible because he'll probably do it again at some point in the future almost you floored the Plaid at the airport gate 40 minute hold timers you're lucky this time Mama email them that's that's high Tesla comma could we lower the deductibles on both of the vehicles on my policy to 500 or the lowest available question mark So California is great if you can pick the right markets you can absolutely get some phenomenal wedge deals in California the problem is your cash flow is going to be a little bit on the lower side so the way to blend it to have a blended portfolio is pick markets and let's say areas of uh Vegas Nevada maybe uh Phoenix Arizona right different markets and pick the best neighborhoods in those markets where you can now get your average cash flow higher but still have the benefit basically the option on appreciation and getting those good wedge deals in every Market that you're in so now you're also getting a diversified portfolio so if there's an earthquake or a fire or whatever not all of your portfolio is at risk and you're dealing with all that turnover because even if even if your home's burn down and you get new properties great but it's still a headache I mean obviously you don't want anybody to get injured it's still a headache because you've got to rebuild the properties uh oftentimes the insurance doesn't cover all of the rent that you'd miss out on they'll maybe pay you a Max of 12 months of of you know their version of Market rent and then you're dealing with the insurance and then what if it takes two or three years to get the property it's a disaster so the point is I'm going to build an established areas that don't necessarily have high fire severity risk so that's a plus or minus I mean if they're fans of adus in like downtown or or or the the core sort of Chula Vista part where we're not super excited anyway yeah now one thing that is interesting about adus and it's something that I've been thinking about a long time is what you can do is you can buy homes rent them out long term you know obviously fix them up get your wedge deal then apply for an Adu apply for the same exact Adu on all let's say 20 of your rental properties just throw them on the desk at the you know permit count it's like look it's the same thing 20 times we're paying you the fees 20 times for basically the same work and uh and then while you have your your first round of tenant in you apply for the adus you get all the approvals in then when the tenants leave one by one and they they turn great break Ground start your construction re-rent it to a tenant who's okay with that construction going on you'll need to be a little challenging you want to disclose that obviously you don't want to just drop new construction on on a tenant who's living there and oftentimes you'll find Tasker that's fine you know I don't work during the day anyway as long as it's or I'm not home during the day anyway during eight to five and do all the construction you want right you do that with your new tenant now you build an Adu boom cash flow up it's another strategy there's so many ways to slice the Apple in real estate it's phenomenal but there are also ways to get screwed so that's why we're traveling as much as we are to make sure we avoid that I want to get screwed okay I just screwed up yeah I know Kevin it's all good wow this I told you I didn't want to come to this part we have time this is orange isn't it no it's Maine it's even worse you know I really love this experience today um you know being here with the crew I really got to know a lot about the area and how Kevin thinks you know and so I'm really appreciative you know the opportunity that I've had and uh like for my business I do uh tax preparation I'm an enrolled agent and I'm located in Palm Desert California I do a lot of taxes for uh people that sell property and this really helped me you know just it was a real good learning experience today so like I said again you know I'm really appreciative of this and I really hope that I get to do this again in the future nice we'd love to have you back how um how do people get in touch with your business uh so my business uh you can contact me uh 760-275-0269 you can either text me or call me and um more than happy to help you out I do a lot of remote work so I can help you even if we don't see each other physically I listened to Kevin every morning when I put on my makeup and I learned a lot that way so as a businesswoman and the business owner I learned a lot today how to look for real estate investment deals what to look for what not to look for so I learned quite a bit um I'm the owner of workplace Justice Advocates it's a law firm plaintiff side employment law firm in Orange County California we represent employees who have been fired or wrongfully terminated in cases of race discrimination gender discrimination whistleblower you name it we help all employees who have been run by their employers and to get in touch with me I am at workplacejustice.com my name is Tamara freeze and the phone number is 949-378-9794 thanks so much am I a good employer so far we're not going to see it okay he's got you know Gates on their windows and bars no respecter of persons however I am a respecter of houses okay wow their zinsco panels are so rusted out okay when they have security lights here we're fine oh yeah the ring that doesn't work that's what I'm saying the panel that house is disaster yeah like it's no like sometimes they're so bad that they're not a wedge anymore yeah so on this one we're next to the glow-in-the-dark Power Station over here we've got um you know I don't necessarily want to buy next to I mean the garage door is original the zinsko recalled electrical panels original it looks like the back patio is burned down on that one the house is Rusty and kind of funky everywhere I mean this there's just no maintenance at all happening on the neighbor's house they're so fearful that they're you know Tacoma over here is going to get broken into they built a whole gate in the front of their house you got bars on the Windows this guy has never painted the outside of his property you could see all the rust right here and then sort of the chipping paint on top uh it's just you know this is this is it's much more risky because you know you put money in and all of a sudden you're the nicest house on the street you know so now you're getting dragged down in value so it wouldn't want to do that you want to be the the nasty house on the best street hell yeah so freaking lutely all right where's everyone yeah that's not glow-in-the-dark power structure that is a jungle gym you know what that would be quite a shocking experience oh no hey but look there's fresh new concrete right here very nice sorry okay all right these are security gates right here okay yeah they got those they got quite a few of those they do yeah they do so um so area more rental heavy on this side a lot more potential renovation sure units this area is closer to Mexico the border is literally through a stone and it lands in Mexico you'll get a TV Mexico channels yeah so we have a lot of Border crossers a lot of people that either have business in Mexico and they want to bring their family to live here so homes in this side of town are heavy in heavy demand because because that extra tenants uh interest population okay so um as well as bigger lots you'll see when we step outside this lot is this okay got it so this is also weird that Adu potential that I'm not yes yeah got it got it and now um see the where was it gonna it's gonna go somewhere with a question I totally forgot so I'll come to you don't think about it this one also say that they've added onto the back thank you they've um thank you they've um done some of the flooring in some of the rooms so there's a little bit of renovation but obviously it's great potential to open up the kitchen make it more yeah because for us it might create a little extra risk compared to for example what you were talking about towards the other side of the 805 because of the other homes on the street not being remodeled we would end up being one of the first three ones yeah yeah we don't want to be the person yeah yeah exactly um but yeah okay this is thank you for showing me this part of town because I I never know otherwise yeah you wouldn't have seen and very common then to get the the add-ons in this part of town huh are you allergic no oh okay okay um either cat or dogs oh this is pretty long uh okay so yeah yeah it looks like they started adding and developing and that's okay there's nothing wrong with that yeah yeah I mean there's a lot of space out here there's a lot of space and then you have the street here which you could have access um I saw that in the Cars movie yeah it's Raiders right there say hi um being across the elementary school you know yeah young families it's nice you can't be there anyways I didn't have a ton of options but the best neighborhoods we wanted to see the good the bad the ugly and everything yeah you don't want to invest and we more importantly want to develop a relationship with you and get to meet you shake hands with Kevin because that's honestly like this relationship is super valuable to us because how cute like me cute 2023 early 2024 get a call from me like hey remember that neighborhood we were at Kevin's like yes I remember that neighborhood I remember you let's do it I don't know and don't worry about that because we're we're available again right now based on what you've already told me I know you're great over there as well I know you know what you're doing I've done real estate for quite a while and I've met hundreds of real estate agents and and you thank you you did it I'm here I did send you I did send you a link to the off Market properties whenever you get a chance if you want to sit go through those um those are totally off Market but they're effects are upwards oh that's awesome and it depends on you have that link right now we might go drive by right now that's awesome so I mean you can take a look drive by some they are entry is more difficult they just give me one day and I can either make it or not yeah um but it's it's also see it for stuff like that if those are in the markets that we decide okay yes those are yes we we can buy them without even coming we can always look later and but we would probably just waive our inspections and I yeah I like to always at least walk it from my investors just sure just so you know the amount of work you know we've discovered mold that we needed remediated which is not anything bad right but I want to know ahead of time yeah yeah because I want your budget right exactly yeah um so so that's interesting there's some in Carlsbad and Oceanside that are oh so you work a bride Market what car was about is that a market where you personally would invest your money I am right now looking oh wow okay well that is population growing how have you um so for me Carlsbad it's such an old part of town that has such a like Del Mar it has a the reputation of a community that if I can get to live there I will wow and so it's really close to the beach um there's a really nice vibe in that lockdown so Del Mar calls bad that's good to know sure yeah very good there is there's a condo now two bedroom seven fifteen that is off Market um that I think is very very interesting I put myself on the list to go see it how far is that from here no traffic 45 minutes okay other side yeah so North yeah 45 minutes north I mean you are at the very south of yes San Diego um but any dry within 30 minutes to me you know and and it's Central because you can work in downtown San Diego and still live in Carlsbad but it's a beachy town Escondido so there is a university there San Marcos that has attraction if you find a property that would meet students needs right so you can't if you find a home then you will rent it by the bedroom um to me it's an iffy Market it's it's a trendy area so it could be trendy now but then people lose interest same as Murrieta Temecula area when it's hot everybody wants Maria and Temecula Wineries it's beautiful area but it's really far there's really no jobs out there so everyone is commuting an hour hour and a half hour 45.
you lost me at room rental yeah is there any other markets for me so yeah so me myself I'm currently looking at the North Park area for short-term rental um Carlsbad area as well for short term um I am looking at anywhere in Chula Vista IB what's that Imperial Beach oh okay okay um oh for for and that's 30-day short-term rentals Plus or under like nightly rentals you can do short-term in IB you can do short terms as well um but I would do 30 days just because of the type of tenant that we have in the area got it so IB is the next city south of Chula Vista and uh they just installed a military uh uh sealed base sealed Team Six their new training center is right there it used to be in Coronado now they trained there since then um we've had a huge demand and that's awesome prices there so if you can find anything it's a remodeled there there's actually another one off Market that I'm looking at so um IB would be very interesting wow as well that's really good to know um yeah and he's like if if you can get anything and he's like very cool this is amazing thank you seriously so much can you shout yourself out until uh you know anyone who's watching us uh your name and how to contact you yeah so my name is Raquel Fernandez I am broker associate with Coronado Service Company and you can contact me on my cell phone 619-453-4513 I always answer my phone if I don't within an hour I will call you back it's true she called me right back otherwise lunch on me wow or you can email me uh at Raquel r-a-q-u-e-l at getlocalhomes.com phenomenal thank you I never answer my phone I'm jealous do you have two yeah and I should cut down to one yeah yeah okay thank you you're welcome that is the one thing I think the agents very important yeah yeah I stopped selling with clients though so when I was I stopped working with clients a lot of VA loans here you guys know that right well because of the base then we don't have one we have three military bases 32nd Street there's one that isn't uh who saw it I think Mikey saw it anyway um yeah so a lot of EA out here but but nothing close to 08 you're seeing in terms of lending no yeah no because we don't have the negative amortization loans that we had back then that you know when those loans came adjustable people's comments doubled what do you think about the folks and I know they have to qualify for the whole term now but the three two ones people are doing everything you're doing that out here a lot yes that three two one two one buy Downs they're a great option for buyers that are waiting to see if those rates drop and we think they're going to nobody has a crystal ball right but we do think that they're going to go down and so the three two one buy Downs are helping people out yeah they're helping them qualify they're helping them I think just get excited about yes I'll commit to the purchase and yeah so yeah I would call these like detached condos yeah yeah yeah the whole thing yeah I mean it's in a weird way it's also possible that they're just planned unit developments and no HOA because I mean with I mean you can see the moss growing right here at the back by their window all the staining on the edges of these properties generally an HOA would would regulate that maybe the HOA is not doing their job that's also possible that it's a bad HOA but yeah it's it's every single property hasn't been painted here since they were built in there I would guess these are awaits uh so there is an HOA but I think that the HOA sucks the fact that there's probably more renters here than owners living in here yeah and so probably that's the reason why that's a good point let's see here okay so this is 747.7 and I really like sevens uh three bed two and a half bath 1671 square feet this is yeah 154 a month for the HOA so you just got a bad one built in oh six I said 08.
how much is it going for 747. how many bedrooms this is a three to sixteen seventy one that's actually nice by no means a fixer but it'd be interesting to see how's it going to meet you sorry we got a caravan today yeah so we just went to uh oh boy what would you call it the west side of the 805 and we kind of learned a little bit yeah probably not where we're looking to buy right probably more uh this side of the 805 this side of the 125 is it I think yeah what's with the ho I mean it doesn't look like they have been painted since they were built out here yes it's just the HOA is just not with it or well you know I think that this particular complex everybody has their own responsibility for the exterior oh yeah I see some people can pressure wash you can repaint we have to repaint in the approved colors but nobody's repainting so okay all right yeah so I mean some people have gutters it helps a lot yeah yeah you'll see all the stains on all of them right so I got it got it okay okay get to a point where it's bad enough and say clean it up got it okay yeah and so how does this HOA compare to some of the other ones that you see in the area uh you know they're all pretty standard out here okay yeah okay yeah they you know they had a big uh this area got hit really hard when the ball burst because they're all new houses yeah exactly oh six I mean they were built at the top basically yeah so they were probably empty first yeah so a lot of these trucks hold foreclosed uh but now the hoys are all back in much better financials are they balanced now most of them okay all right how are the management companies for them out here I mean they do their job yeah right you know yeah okay they're maybe a pain in the butt to some people but sure yeah um you know their job is to make the community and yeah keep people in mind so okay all right thank you for that I think they do their part yeah yeah huh that's awesome yeah it's I've I haven't seen them built like this where you have uh the shared by oh no River Park has some of them the shared drive race in the back that's cool yeah pods yeah yeah yeah yeah would you say something like this would generally rent for 4 500 wow that's incredible so people really want to be out this side better schools out here um newer properties bigger properties okay um you know there's a lot more stuff kind of like the big strip malls of your normal the newer stuff and it attracts area type amenities gotcha okay okay so and a lot of people are talking about the city being pretty good about adus maybe in like around the age and third area like how how is that are people really taking advantage of that or people are trying to buy up properties with Big Lots yes so they can do the 80s yeah gotcha I've sold two in the last six months yeah had Big Lots and that was they're probably 75 of the buyers oh wow okay okay so people are competing for those and but then out here do you ever get uh we're gonna a to you the garage or not so much in the HOA some just depends on the HOA obviously like this choice is a little bit harder because they're so densely packed yeah but um I know that there's some other complexes out here like San Miguel Ranch okay um which is another tract yeah people do ads out there oh really show me where that is let's see that's interesting uh the darn thing turns on okay this is the higher price point so you're looking at like a million to 1.1 okay for a lot of those but they're more like 3 000 square foot homes uh okay they have a bigger yard a lot of them have like big slopes in the back so you can cut into them uh make that space a better use that makes sense and where would you say that so right now we're in Otay Ranch yes and where was that it's um up here oh because we're looking at another one over there right yeah we're going here next okay honestly Green's next that's like the country club or something like that it has a golf course on it got it got it and you said that's more towards this way where you're eating larger San Miguel Ranch is up here God look at those tracks got it okay yeah that's awesome yeah and and for us I mean we don't really care how new the property is just as long as you know we find something that's you know hoarded or mildewed or or you know something that is flippable but we can pay more than the flippers right right uh this would be our goal is just to long-term rent them and stable areas and then uh yeah we we'd prefer to be the uh like the worst house on a buy sure on the nicer streets yeah um some of the like Main and orange was I think you could buy the worst house and kind of stay that way there's a lot of rough stuff out there okay is that's normal then out there yeah okay all right okay all right uh great so so what uh do people have an expectation of like three or four bedroom uh here or not doesn't make much of a difference most of it is at least three bedroom yeah three three two there's four twos you'll see a lot of a lot of four bedrooms also or you'll see like the three bedroom plus a loft big premium for a fourth bedroom out here or not really some not more than any other area okay okay all right yeah I'll take a quick peek upstairs okay yeah so I mean this is see oh six I actually like because o6 is like you still got the newer Plumbing the newer electrical but things are starting to get a little grungy right so you get damaged on the cabinets you go over to the windows and you just get damage on Windows funky things it looks grimier uh you know if it hasn't been painted and and 15 16 years are like the carpet's kind of nasty things have yellowed out you know they've painted a few times and you can tell it was you know a tenant who threw something in probably uh and you know it's like it's that little chicken Dooley stuff but sometimes you know like here's the toilet paper holders broken off and I know like this like super ridiculously minor but all it takes in a property like this is to like have the laundry room have a little bit of mold or like let's say there's some mildew down here because uh some water was running or whatever you're getting a home that has phenomenal bones Electrical Plumbing roof found Nation no worries at all about any of this stuff and then you just fix the Cosmetics stuff like this is the easiest stuff to do uh I mean it like they would make so much more money on this place if they just painted it but that's okay they're leaving opportunities for other people so that's fine but I mean probably something like this the cool thing is stuff like this you could just start like trying to lowball stuff but usually uh you know it need to be a little bit more damage to really get some good value in it but yeah I mean you get sort of the grimy just everywhere you look kind of like the griminess like the more of that the better it kind of smells maybe like there's an animal that's been here or whatever I mean I don't know someone's half working on it over here that's right you know what it is it's probably an owner that's like oh I'll go paint one wall today gosh this doesn't even make sense um yeah whatever it's these little things you do before you listed for sale it all used to be blue in here and they're painting it semi-gloss so you know this is probably just a landlord throwing the cheapest crap together didn't even take the face plate off the paint behind it I mean just this is all nonsense it's so little and easy to deal with but it's funny because like a home buyer who's actually wanting to pay top dollar is not gonna they won't buy they don't want to do anything they're busy at their jobs they have jobs go make money let somebody else fix it up like me yeah I mean you could probably spend 10 and get 30 on something like this yeah check the Direction real quick yeah all right okay let's go next one let's go the whole place has a weird smell here yeah everything I started mouth breathe I don't want to smell it anymore that's what I'm saying yeah yeah like how do you feel about the value adding this yeah so I was saying like maybe you put 10 and you get 30 you know paint carpet there's much you can do right no this is not so yeah families what I'm saying like if if it had like a moldy shower or bathroom and then you instead of putting in 10 you put in like 20 or 25 you could probably get 100 125 just because of the moles right like even I mean it's all nice yeah it's fine yeah it's the cheap part right come on something similar yeah I mean if you did like three rooms would be like 800 bucks okay staircase in the hallway you're like 15 maybe today with inflation it's two grand yeah you know I I will say the HOA it bugs me that they're not sending the notices out about this painting and and the damaged screens and just some of the nastiness uh because it does it puts a little bit of a lid on your neighborhood versus others and if that means I have to have a vacancy for a week longer because people like my neighborhood less than you know the next neighborhood over that's a little bit more well-managed well that sucks now every time I have a rental turnover I gotta pay another basically uh seven days worth of rent which that could be you know 1200 bucks and and you do that at multiple properties it's not worth it it's too risky right uh you know it's one thing if like you have one rental property or whatever and it's like nobody's really checking but you know you want to be as efficient as possible and so you get try to get the nicest quality stuff possible and then you minimize your liquidity issues uh yeah rent fast sell fast hey planes survive lightning right Christian tell us about oh okay so Christian explained to us that you can't just park in front of a fire hydrant and pretend nobody will see because in the middle of the street they actually have these little blue I don't know Lane dividers uh the little asphalt sticky thingies that are specifically designed to show the fire department where the fire hydrant is which kind of makes sense because if it's a nighttime or if it's nighttime you want to see the reflector or whatever but that's kind of cool I never thought of that before that's cool good job Christian newer neighborhoods only similar on this HOA here it seems like the outsides they don't like painting or pressure washing them yeah they take their time on it because you know they they are trying to allocate everything towards landscaping and the cost of maintaining some of the stuff is gone yeah everything's gotten so expensive yeah what um where would you buy rental properties would you buy out here in like East Point or would you go towards you know I think anything in this newer area of Chula Vista okay so Otay Ranch Otay Village East Lake any of these areas these are all anything highly desired rentals rent fast yeah because we're not going to sit on the market forever no no you won't have any issues finding tenants for any of these okay nice is that the is that also true Rancho del Rey yeah yeah okay okay Rancho Delray is a nice Community because you don't have any HOA there yes okay and so um I sold two two there last year okay or last year in the year before gotcha people love it out there people love it there okay okay yeah a little bit older though you know you're talking about late 80s early 90s construction so it's a different vibe and get some asbestos you know people could be fearful you know I love that stuff yeah yeah 78 78 lead-based paint form all right we'll take a quick look over here uh okay oh they spray painted this that's nice so they got the little rugs here yeah this one's a pretty move-in ready okay now you can smell the formaldehyde the carpets I think that's is that a workplace hazard I need insurance what insurance protects me from you we have that we have that yes yes yes yes that's true what's that like dealing with the insurance agents on or the insurance attorneys uh it's it's easy they're easy they know if they know your reputation yeah yeah they roll over yeah good for you trial lawyer yeah yeah yeah that's awesome huh okay yeah I mean they've mostly I mean this is I mean other than like a little crustiness around some of the mirrors this is pretty moving ready this is pretty good insurance against the golf balls yeah yeah no kidding huh okay all right yeah I mean this is pretty simple yeah pretty much yeah let's let's find out yeah that's gorgeous you're right let me take a look at a yeah this is nice nice very cool you have just the exterior maintenance not so fantastic but maybe I've been too picky he was saying that the the bottom like the hoarder house that are flying off the shelves but the house is like these that are like not maybe like the perfect wedge bag sure in between where it's like they don't want to necessarily do all the work because of the low Roi these ones sit on the market for a while yeah probably because they're still pricing off the older comms huh part of it yeah some of them okay A bit of pricing it's a bit of like a slime okay that homeowners don't have the ability or the money yeah to come in and do what they need to do right they'd rather Finance the turnkey property exactly yeah yeah that's well that's why the wedge exists in the first place you know somebody doesn't even want to go through the headache of dealing with a newer kitchen or whatever so I mean in this area we've seen we know the older houses are wedges yeah I mean this this house isn't necessarily a turnkey you could live in it but you know in terms of a wedge how much like obviously you have original countertops foreign this floor is totally rentable okay but the exception of over here I guess yeah you're right um it's tough because you know it just it's not that bad right uh like a this is kind of like the last one where okay so I mean you put a new five grand floor maybe you got your five grand back it's just not bad enough right now the neighborhood's pretty cool like if something over here uh was a little moldy or or a little bit more damaged uh and the floor is actually a good start over here but they've already painted upstairs replaced the carpet like they've already tried fixing some of the longer term issues they've had here I would guess they just painted the cabinets redid the knobs upstairs like filter cabinets were painted at some point yeah I don't think it's recent because they didn't do Hardware or anything else I know you would think they would do Hardware here yeah they did they did the uh or somebody did the bronze hardware upstairs but you're right not here like they they spray painted the handle for the staircase it feels a little open doors like they did like some of the things that were on their checklist but do you get Open Door out here too yeah yeah you love them for months and months a month yeah exactly yeah yeah wait yeah yeah it's uh but uh but yeah I mean like this this East Point area is gorgeous we would I mean we could basically Buy in neighborhoods like this blindly I mean if if you're like oh yeah there's there's what you've described in terms of like well do you want a hoarder house or whatever in one of these neighbors I don't even have to come we could you know write an offer site on scene and remove contingencies on it because I mean we'll we'll obviously come to the market more often before we do that but um stuff like that we can move on pretty quick uh but yeah it's it's difficult I mean something like this you'd have to get somebody so motivated that they were actually willing to take you know where you can build into which it's possible you offer them cash you know and see what happens you start with a phone call though you know it's tough one because a lot of these haven't had much turnover later right because the last six months everybody hunkered down and yeah didn't move and so you don't have any recent comps and people are trying to re-establish comps right now yeah and they're all over the place yeah you're it's and that's why buying in that declining Market is tough when we're waiting for like if we can get that once we see the actual like turn then it's just deploy yeah yeah so but uh but yeah I think that's coming soon two weekends ago yeah we saw the market shoot yeah race dropped yeah is that where you saw you yeah I had a listing that I put into escrow with 19 offers wow that's awesome uh and they closed and they're closing this week 10 days yes we saw for that and then last weekend totally different story oh wow it's already translation oh yeah no as soon as those mortgage applications expire or you know people can't they don't have their rates locked they're out yeah you know they're like oh I guess I'll wait again well they're up almost three quarters of a percent from then yeah just two weekends ago it's crazy this is amazing can you could you shout yourself out and let everybody know your name how to get in touch with you yeah thank you so much of course we'd love to come back and learn more definitely neighborhoods yeah I'm Ken Schwartz I'm a Century 21 award you can find me online at schwartzrealty YouTube Instagram so connect with me that way awesome awesome uh do you want people to call text you however sure yeah yeah 858-500-2195 call or text me you can view my website and go from there awesome hey seriously thank you so much my pleasure yeah we'll get out of here before the rain comes yeah let's go you can marker that stuff and you know it's like what you do is you let the tenant know like hey like we we realize there's damage there uh it's we tried color matching it maybe you replace a board or two you don't have to replace all the floor yeah no not at all um yeah that's nominal and it's it's like that's normal wear and tear that kind of stuff you know they're inexpensive laminate floors there's not actually that much square footage down there anyway but uh yeah okay cool yeah so this shows you a little bit more the East Side early 2000s yeah so what happens is it gets really dusty in Cali because down here because it rains so little and uh you get all of the Dust sits on the roof and then when you get the rain it runs down and then that's where you're getting the nasty see that's like splashing so think about the water hitting the bottom and splashing up and the dust up and stuff exactly yep okay but that's easy fix it's paint pressure washing paint all right cool airport Chula Vista was amazing now usually when we go places I don't get to say that every single time but I have to say a lot of other areas definitely going to come back here want to explore now some of the other areas El Cajon Carlsbad we'll look at a little bit of La Jolla obviously if we're going to do more expensive properties we have to make sure the rental numbers still work we have to make sure the wedge is substantially larger right we're looking generally for wedges of around 100K per 500k invested so let's see what happens but I'll tell you this is exciting um yeah learn more at househack.com thanks so much for watching and now I'm gonna go fly and uh there might be something in that little refrigerator for me goodbye
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