Looking for an Investment Property? How to Find Income Properties
Whether you are an experienced investor or just starting out, knowing what to look for in an investment property is critical to maximizing your return. When to buy and how to find investment properties are also very important aspects to real estate investments. The U.S. housing market struggled to find balance over the past few years, hampered by too few homes being chased by too many buyers. This drives up home prices, particularly in hotter areas, where bidding wars and gentrification are taking place. Whether you plan to have a rental property for residential tenants, vacant land, vacation rentals or commercial businesses, it’s important to consider these tips before buying an investment property.
1. Buying at the right price is critical
Understand what the real estate market is going to do and study the real estate trends in your area. Be patient, negotiate and don’t be afraid to walk away from a property. Don’t get emotionally attached to an investment property for sale. If you are unsure, we suggest contacting a well qualified real estate agent like Donn Bree or Meriah Druliner!
2. Find a good property manager
A property management company is usually run by a licensed real estate agent. A good one will understand how to manage tenants and get the best possible value from your rental property. They should conduct reference checks and make sure renters can pay on time. Be prepared to enforce and evict tenants.
3. Consider turnkey properties for sale
Kicking off a large scale renovation isn’t for everybody. If you need a steady stream of income, buying a turnkey property occupied with reliable, long-term tenants is a great way to get started. These turkey properties are typically a little more expensive up front but can save you money on contractors, permits and refinancing.
4. Arrange financing before making offers
It’s important to be prepared before you start making offers on properties. This includes lining up financing with a local community bank for a short-term loan or a conventional mortgage for more long-term rental investments. Once you’ve made a few rental property purchases, you can start borrowing money privately from friends, family and investors.
5. Don’t expect your property to always appreciate.
Even in California, the real estate market experiences fluctuations. If you’re planning on flipping, remember that while home values can fall, rental fees are more resilient. This enables your to forecast cash flow, calculate returns on an investment property and plan on investing in more properties for sale.
Investment Property in the San Diego Backcountry
In the backcountry, many real estate trends precede changes that take place in metropolitan areas. Our expert backcountry real estate agents have noticed the market softening as potential buyers are opting to hold their down payments and wait for prices to come down. We believe that these developments make San Diego backcountry investment properties a good buy for those interested in turnkey rentals, vacation rentals (Airbnb, VRBO, Homeaway) or wholesale properties for buy and sale. Donn Bree, Red Hawk Realty Brokerage owner, adds that investing in a rental property for sale in the backcountry is a smart buy because they are currently very popular among tourists.
“Clients are looking for a rural get-a-way experience coupled with the activities available (dining, music, golf, hiking, boating, fishing, horseback riding, gliding, hang gliding, rock climbing, etc.) in a rural community.” – Donn Bree, Owner/Broker Red Hawk Realty
Top 5 Things to Look for in a Potential Investment Property
Whether your potential real estate investment is in the San Diego backcountry or not, these aspects are very important to consider before you purchase any investment property. You may be tempted to buy a fixer-upper, i.e. homes that needs significant repairs and upgrading, in hot locations. These can be costly as expenses are hard to predict and will require valuable down-time that could be used to recoup your investment.
Turnkey properties, particularly turnkey rental properties are a great way to get a long-term property investment portfolio started with little risk.
Here are the top 5 things to look for when shopping for an investment property:
- Income potential
- Versatility of property use
- Condition of improvements
- Desirability of property to others
- Appreciation history of property
- Up-front repair costs
Interested in buying a vacation rental as an investment property? Watch our YouTube video on Airbnb opportunities in the backcountry.
San Diego Investment Properties For Sale
We hope you found this useful. Browse our investment properties for sale and other great Red Hawk Realty San Diego backcountry properties here. We know investment properties for sale, let us help you with buying an investment property. Come visit us in Santa Ysabel or Julian to tour our favorite investment properties.
A unique opportunity to own an iconic landmark, a piece of early history, with the potential for a multitude...
- Sq Ft2500
- Lot Size1.79 Acres
CROWN JEWEL OF JULIAN! Unique, commercial property located a short one-minute walk from Main Street in San Diego County’s...
Lot Size.85 Acres
3.34+/- acres of land in the heart of Amador County’s City of Plymouth within the Gold Country region of...
Lot Size3.34 Acres
7.83+/- acre Wine Country Ranchette Home-site, an ideal canvas to create a personalized estate. Situated in the heart of...
Lot Size7.83 Acres
Situated on a southwest facing slope above Margarita Glen and comprised of 3 parcels this property offers beautiful views...
Lot Size12.44 Acres
In the beautiful agricultural/equestrian center of the historic town of Descanso, CA lies a rare offering of 2 legal...
- Sq Ft2736
- Lot Size1.15 Acres
Investment opportunity located at the Gateway of the Shenandoah Valley Winey Country, home of 42 wineries. This amazing wine...
- RRC#010-093-003 Lot Size.63 Acres
I.B. William’s Ranch, a historic homestead, conveniently located along the gateway to the quaint town of Julian in the...
- Sq Ft1118
- Lot Size13.81 Acres
Dynamic Mesa Grande Ranch Located high atop historic Mesa Grande, one of the regions most coveted locales, lies this...
- Sq Ft1600
- Lot Size80 Acres
32+/- acre elite estate home site located in the City of Poway at the base of Iron Mountain. This...
- RRC#322-041-07-00 Lot Size32 Acres
One of the last large, undeveloped properties in the higher elevations of the Rancho Heights neighborhood, this 113+/- acre...
Lot Size113 Acres
Getaway property, 1.83 acres located within a lovely gated community located off Pala/Pechanga Pkwy. The property has a septic...
Lot Size1.89 Acres
Along the northern reaches of the Temecula Wine Country sits a beautiful +/-6.6 acre parcel ready to be the...
Lot Size6.6 Acres
A truly rare and extraordinary investment opportunity awaits atop Palomar Mountain. Welcome to the historic destination known as The...
- Sq Ft5584
- Lot Size3.74 Acres
Charming 10+/- acre view property!! Offering a stunning panoramic perspective of the Lake Henshaw Valley, this lot for sale...
Lot Size10 Acres
Located in the heart of Southern California’s pristine San Diego County Mountains, sits the 621+ acre Oak Ridge Stock...
- Sq Ft1800
- Lot Size621 Acres
18+ acres in Beautiful Volcano 18+ acres in beautiful Volcano, this property is two separate parcels (APN# 021-270-002 9.64ac,...
Lot Size18.14 Acres
Picturesque 145+/- Acre Rare Ranch Opportunity 5 lot subdivision totaling 145+/- acres of beautiful rolling meadows studded with varietals...
- Sq Ft1000
- Lot Size145 Acres
Scenic Multipurpose Ranching Retreat 142+/- acres of scenic, private residential ranch land tucked away on the Northeastern margin of...
- Sq Ft3500
- Lot Size142.10 Acres
Pristine Undeveloped Land – 160 Usable Acres Pristine Undeveloped land for sale – 160 Usable Acres. Ideal for Development,...
Lot Size160 Acres
Wine Country Versatile Investment Opportunity 89+/- acres in the heart of Amador County’s City of Plymouth within the Gold...
Lot Size89 Acres
Multi-Family Units in Historic Downtown Julian Unique opportunity to acquire one of the only Multi-Family Units available in Historic...
- Baths2 full, 2 half
- Sq Ft2048
- Lot Size.17 Acres
Southern California Valley View Vineyard & Estate Come enjoy the country lifestyle at this stunning Valley View Vineyard Estate...
- Sq Ft2436
- Lot Size93.52 Acres
Magnificent Private Retreat in Hoskings Ranch; History and Style Unite in a 4,500 esf Custom Ranch Home on 46...
- Sq Ft4500
- Lot Size46 Acres
A cultivators dream property awaits at this 9+ acres farm land property located in the heart of Ramona. Flat,...
- RRC#190056573 Lot Size9 Acres
Backcountry Commercial & Business Opportunity Charming Country Lifestyle Awaits! Incredible opportunity to acquire a turnkey, commercial property and profitable...
- Sq Ft7200 esf
- Lot Size5 +/- Acres
Sutter Creek Agricultural Opportunity 347+/- acre Unique Ranching & Agricultural Investment Opportunity in the heart of Amador County’s...
- Sq FtN/A
- Lot Size347 Acres
Amador County Ranching & Agricultural Investment Opportunity Ideal investment opportunity awaits at this rare 146.97 acre former vineyard &...
- Sq FtN/A
- Lot Size146.97 Acres