Location is critical to maximizing your profits on an apartment investment property. Every detail is key—from the country, state and city you choose, all the way down to the neighborhood and even the street.
Different streets in the same neighborhood can affect what type of property you buy, what your rental strategy will be and how much you can charge for rent.
That’s why you should take several steps to study a neighborhood where you may want to invest. First, take the time to drive through the neighborhood during different times of day. See whether it’s a lively part of town and determine if it will be a safe place for renters.
It’s also smart to talk to locals and get their candid feedback on the neighborhood. People love to talk about their communities, and you should get information from both homeowners and business owners.
Know that to generate a cash flow, you’ll need to balance your investment budget with the type of neighborhood—ranging from low-income to high-end—you choose to buy.
Picking the right neighborhoods in San Diego
Over the years, we’ve compiled an extensive list of information about dozens of San Diego neighborhoods—from beach communities to the inland areas and from North County to the South Bay.
We look forward to the opportunity help you find the best neighborhood in which to maximize profits on your apartment investment property.