Glenn Olson MBA Broker Realtor®

eReal@GlennOlson.com

San Diego, California On-Line Real Estate

INVESTOR INFORMATION

Investment Goals in Investing in San Diego

Looking for the ownership benefits of tax write-offs, appreciation or depreciation?
San Diego is a solid investment area, with continuing growth, a shortage of supply of housing and
a continuing high demand for rentals.

Critical Knowledge for Investing in Real Estate:
Finding good investment properties - Good research
Analyzing potential investment property
Managing acquired property for holding or for a later sale
Determining cash flow of the investment - budgeting
Knowing the tax implications
Knowing your objective - Buy and keep, or buy and hold? If Hold, how long?

Search investment properties for condominiums or single family residence.
Apartments require special treatment.
Contact Me! to search for and buy investment properties (Buyer Agency required)

Fixer Upper or Remodel

The big question - is the project feasible and can it be done quickly? The good and bad news is
that it is a sellers market and homes are hard to find, that means opportunity for those who
know how to take advantage of the opportunity and who are willing to assume the risks involved.
The difficulty in this fixer approach is the high market prices and the competition due to the
scarcity of housing in San Diego. Doing fixer-uppers may be a great option for first time
owners. For investors, this applies to apartment buildings with low rents as well.

Key Points to Consider:

Finding properties. (Prospecting worksheet)
Home inspection. This must be done quickly and efficiently prior to making an offer.
Normally, home inspections and disclosures by the owner occur in escrow. Getting as much
information as possible before making an offer is essential in doing a fixer project. Do you
know what to look for and what to avoid?
Type of Improvements: Do you know the expected return on specific improvements? Which
improvements have the highest return? Which improvements appeal to potential buyers? Do
you need architecture drawings and permits?
The Financing. Are you getting an interim loan for Construction? Do you have a buyer take-
out? Have you considered energy efficiency and rebates or tax incentives?
Getting it done. Can you cut costs on expensive items to increase your return? Do it
yourself? Time is money, how fast can you get it done. Material costs - Do you need estimates?
Selling. Do you know your potential buyer? The quicker it sells, the more profitable!
Do you have a system for evaluating a property?
Who will manage the property if you intend to rent?
Appreciation and depreciation over time? Return on investment?
What are the tax advantages? Private ownership as principle residence versus investment.

Contact Me! When do you need an agent? Buying, managing, or selling. I can also assist you
in kitchen and bath design, including enlisting the help of an architect if structural changes are
anticipated.

Links: Remodeling Online
Pacific Beach 'n Bay Properties