Article published on December 19, 2022.

Buying Rental Property In San Diego

Renting a property in San Diego can be an easy and affordable way to start investing your money, but it’s essential to know the basics before taking the plunge.

This blog post gives you all the information you need to make smart choices when beginning your search for a rental property.

Here are some tips for buying rental property San Diego.

1. Start Small

If this is your first time owning or renting a property, it’s best to start small. You can purchase a duplex and rent out one side to pay your mortgage or rent the property yourself. This will give you experience managing tenants and can act as a springboard for your first single-family rental.

2. Find A Rental Property That Pays For Itself

Focus on properties that generate enough income to cover your costs (mortgage, insurance, taxes) with some leftover for profit. You want to pay off your note with the cash flow of the property minus any management fees you pay from time to time.

3. But, Know What Your Mortgage Would Be

It would be best if you tried to get a loan pre-approval for the amount of the note that you want to purchase so that you can buy rental property San Diego for 80% of the value and not have to come up with all 20% at one time. Remember your taxes and insurance as part of this calculation. Also, use a free online loan calculator – like the one at – to give you an idea of your mortgage payment when your loan is finalized.

4. Find A Rental That Meets The Right Needs

Find a rental property that meets your long-term needs. If you are married and plan on starting a family shortly, you will probably want to consider buying a two-family house or condo with two master bedrooms.

This can help you save money on daycare while your children are young (and let you sell the property later with this feature included). If you are easily distracted and want to start investing, then buying a duplex is fine, so focus on only one thing at a time (renting out one side).

5. Get What You Want, But Don’t Overpay

Buy the property you want. Don’t buy a duplex if it’s a single-family home and you want to live in San Diego. Know what you want and be prepared to pay for it, but don’t overpay. Don’t give up property and equity just because someone is trying to sell you something they don’t need anymore.

6. Find A Great Agent And Do Your Homework

Before you make an offer, make sure that the agent working for the buyer is familiar with your market and neighborhood. This will help to ensure that you don’t get stuck on a bad deal or have a tough time negotiating.

It would be best if you also did lots of research before you buy rental property San Diego from anyone. Ask the seller about their past sales, check out Better Business Bureau reports and reviews, look at other property listings for sale in your area, and talk to neighbors about their experience with the seller.

In conclusion, knowing the basics is essential before investing in rental property. If you do your research and make smart decisions, then you should be able to buy a rental property in San Diego and get started with your investment today.

Do you want to sell or acquire property?

JLM Real Estate in San Diego can help you today and provide you with a free property valuation.

Check out our team page and check which one of our advisors best fit your needs.