Ruth Pugh

Should I invest in Real Estate?

The quick reply is Yes! 

The old adage applies in San Diego Real Estate as it does in the general investment arena - Buy Low and Sell High.  We all know the San Diego CA Real Estate arena certainly has a major "correction" of late.

Read Also:  First Time Home Buyers: Time to Buy San Diego Foreclosures

There is no time like the present to take advantage of the many attractive San Diego properties that are currently available - either for the long term, or simply to hold until prices recover.  Many in the San Diego Real Estate industry feel that judicious investment now will be very lucrative in the near future.  Looking for factors that might help your San Diego Real Estate investment plan might include:

• Distressed San Diego properties with "good bones" are a good choice.
• Repair any structural repairs - roofing, painting, gutters etc.
• Determine and make the interior upgrades that will result in the greatest return.
• See if you can determine a current San Diego owner who has too many irons in the fire - they my well be ready to divest themselves of a particular property at a good price.
• Treat the property as a rental unit until the market improves.
• When the market returns to a level you are comfortable with - Sell.

However, you might just decide the rental income is so attractive that you end up keeping the property in your portfolio.  Whether you decide to keep the San Diego property long term or if you determine that selling short term is the answer - it is a very good time to purchase investment property.

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