Spending $100 Million on Real Estate: Chula Vista, California [HouseHack Trip 8]

thank you so much for coming out to

Chula Vista with me you know I really

love this experience I learned a lot

today how to look for real estate

investment deals all right so we made it

to Chula Vista I'm not sure if no this

isn't the house that's for sale this is

the one that's next to the house that's

for sale don't really know exactly

what's going on here but I'll tell you

some people are spending money on the

homes out here first of all we got some

solar panels over there they just threw

in a brand new roof I know that because

they still have the roofer sign right

there and it looks like a brand new roof

it's a pretty dang good comp shingle

roof right there too uh over here I love

seeing this I mean this these people

spend money over here because yeah this

one hasn't yet this will be the next

wedge deal and see what happens if you

buy one wedge deal on the street and

people know you then the you know

they'll call you it's like hey man you

want to do that to mine too you know

I'll sell it to you but anyway we're

gonna be looking at the one right next

door which looks a little bit like it

needs some love but in the meantime

you got this one this is gorgeous uh

they're missing their chimney Camp up

there that's all right you know those

are like 125 bucks and you screw it on

it's pretty simple but gorgeous work on

the house out here I mean this is a

really nice remod so I'm not sure if

like a flipper may be flipped it and

then they moved in but uh I don't I

honestly I don't think a flipper did

this it looks it looks too nice like the

artificial turf I don't see Clippers do

artificial turf because that's like

probably these days 12 13 bucks a square

foot these Mexican beach pebbles right

here by the way were like 15 minutes

from the border but anyway that doesn't

make them any more inexpensive those

things are expensive those rocks so

these people really spent some good

money on their house that's a great sign

the school districts out here for not

phenomenal but the problem is you still

have sort of this this mixed

neighborhood in terms of what you've got

right like they added a second story out

here you see the the staircase going up

so they've done some kind of add-on on

top of their garage you've got uh RVs uh

here you've got you know this is sort of

your more classic original property

right here single story probably three

and two I could see what looks like the

original zinsko panel the electrical

panel so you know still

this this isn't this isn't like you know

this is the last fixer left but at least

based on the pictures the Cosmetics

inside look terrible but one of the

first things I notice is beautiful new

dual pane windows so we'll see how it

goes but we'll say hi to the agent this

is this is awesome uh we're like I kind

of like so I'm from Ventura okay and

this reminds me a lot of Ventura and I

like Ventura is my home so I like that

this is my home yeah yeah I I love it

already I and it looks like people are

spending good money I mean they just

re-roofed over here this one's remodeled

this one's remodeled yeah do you get

this where you just have just the older

kind of holdouts

okay go ahead yeah so there's a lot of

older families that have lived here I

mean these houses were built mainly in

the 70s yeah so a lot of the homeowners

are the original homeowners but there's

also a lot of new families coming in so

I feel like it's a really good area

where we're able to take a home that you

know was Grandma's home yeah yeah

exactly my mom's home and then like my

mom tells them if she were to sell it

right now it would be

you know it's four bedrooms and three

bathrooms with a pool and a second story

we could see the ocean oh my God it's

all old yeah yeah sure so it's going to

be a really great deal for someone

no it's all right good for you let's see

because you know the value in it

yeah yeah yeah that's awesome hey by the

way in case you're wondering why I'm

traveling for Real Estate it's to really

become the best expert in all these

various different markets for

househack.com that's my real estate

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third fourth quarter is probably when

we're looking as we're we think we're

still a little bit on that slope what

are you saying well in the area

um I did print you some paperwork too

just for you to look at yeah I'll take

it absolutely so the

prices are I mean they're down from last

year but they're not way down and

actually I think it's up a little bit

from December yeah we got a little

January pop there yeah I think that was

when like rates popped down we almost

were back in the fives there for a

minute yeah started right here yeah but

would I really like to tell my clients

you know is that you're married to the

price of the home you're not married to

the interest rate see that's a good

point right so things are always

adjustable all right perfect shoes on

okay thank you perfect great okay

quick so

yeah this is this is very similar to

what I would experiencing

yeah this is great I mean we've got the

cabinet opportunities here we have a

smaller backyard back here this is this

is exactly what would be looking at

um

yeah nice awesome okay acoustic ceiling

how are the neighbors yeah yeah I think

any room we shouldn't go into good good

oh they put a new vanity over here oh

yeah see I love this map I love this

this is this is a good one did you get

that one

always look at this the original first

it's perfect this is I love it it's

great

cool awesome so fixed up I mean I've

seen in this area close to the millions

yeah that's what I thought and 790 and

so you're thinking fixed up close to a

mill that makes sense 4 2 16. only one

story yes right so I mean I don't think

you're right 189 days why yeah the area

is just real slow right now I would say

the average timing is like between 70

and 90 days

wow a year ago it was 13 days yeah no

kidding you know

um so the house I sold in this I mean it

was a little bit more south than this

but it's still the same neighborhood and

it sold we originally it was

okay so it closed in November yeah

we listed it I believe it took us two

months to sell so it was probably on the

market for like 60 days yeah and it was

right in the time of everything coming

down so we listed it I listed it low

because of the work it needed so like

the comparables was telling me it should

have been close to like

8.90 yeah and because of the repairs it

needed I'm like okay well we're gonna

you know make it affordable for what it

is so we listed it at 8 19 and then we

had to lower it to 7.99 sure and we sold

it at 7 40. oh wow so that's a big

spring because it just was like right

when the market was falling down it was

like no yeah yeah so but it is what it

is we got them out we got them their

money they're in South Carolina now oh

yeah if that happens east west of the

805

from about like

all of this area so from third or fourth

or even fifth to the 805

and maybe

yeah 8th Street to L street or I to L

even I really like those homes that area

the environment it's very family

friendly they have like a Christmas Tree

Circle where they light up the whole

block police there to keep it all

flowing so it's a really good easy to

sell homes over here then yes so these

ones over here are usually going to

start out a little bit higher you know

so the whole thing is going to go up

that way so if you can get it cheaper

and make more then that's good but over

there there's a lot more renting

families I believe okay so for long-term

rentals is probably a better area sure I

know for farming it's hard for me over

there so I picked a different area

because

40 of the homeowners I mean 40 of the

residents are renters yeah yeah in that

position yeah yeah so when I'm knocking

on houses they're like oh no we ran and

I'm like yeah yeah

so you would you would Farm over in

these neighborhoods then instead I would

say there's more homeowners over here

but maybe more turn over there yeah okay

okay yeah somebody even out then for

farming yeah yeah exactly so I like to

knock on doors with homeowners in them

but then also you can get an idea of who

to send letters to yeah exactly yeah my

favorite word I always a phrase I always

used to use is when I'd knock on the

door I'd ask them when when do you plan

on selling yeah do you want to say when

oh a couple years and I would write that

down and then who was knocking on the

door you know a year 18 months later

with me so what we're finding is you're

getting more suburbs on the east side of

the 805 you're getting sort of more

larger uh suburban homes uh you're

getting your tracked homes out here

where it seems like on this side between

H and L you're getting more of sort of

the downtown uh feel not necessarily

downtown but a little bit more of uh

maybe the 1940s 1930s homes uh but uh

that that potentially have slightly more

renters at least that's that's what

we're hearing uh right now so uh we'll

see I mean this I really like it out

here you know the thing with California

is the cash flows are a little lower so

the way we'd like to solve that because

the upside is so phenomenal is uh by

blending that together with properties

and higher class or cash flow areas so

uh

yeah solution for everything ain't that

right Mikey solutions for everything you

look cold I'm not I'm not that cool you

need a warm-up

you can tell they're well off look how

clean this is the white car is the White

House the Tesla the 500 is the M3

you got to be wealthy to have a new BMW

but you got to be freaking rich to drive

an old one

it's all the German Parts terrible yeah

that's a good point that's awesome so it

is I mean this uh this particular

neighborhood how does this compare to H

and that

so this area is just a little more

like larger families maybe or is it just

newer homes

they're just fancier here yeah okay the

further you get

West

the older the neighborhoods okay okay so

with older neighborhoods comes a

different energy and dynamic of town I

would say and and would you say those

are like 1920s then out there 40s and

then maybe here you're getting the 60s

70s 80s

well not so early like probably more of

like end of 50s 60s over there and then

like sure later 70s over here got it

okay so I mean

in a matter of you know 10 years it's

not that big of a difference but it just

is yeah yeah gotcha A decade is a lot

when it comes to you know fashion yeah

yeah it's been strange a lot of fashion

of homes I mean now you go and you see a

place and you're like oh that's a 2008.

right you'd tell right away so uh I

heard the schools out here pretty

desirable is it is is that pretty true

of all the Zips or is there a difference

between the zip codes you're seeing out

here

I would say in Chula Vista all of the

schools are really good

um I mean again the more West you go

it's a little more

low income okay interesting okay okay

that's towards so West towards more West

Water ocean wow really interesting okay

but it's because we're not gonna go all

the way up to the water in Chula Vista

there's a salt mine and a bay

I see okay that's like Fruitdale is

where that salt mine is Costco

nobody calls it Fruitdale but on this on

the map so that's how you know I'm not

from around here all right gave it away

so okay can you give me the address

again please oh you know I don't know

what it was uh but I could find it

really quick

the uh

where do people generally work out here

do they commute to San Diego or is it a

lot of work from home out here

I've found in Chula Vista actually

there's a lot more people that are not

working from home still because it's a

lot of Working Families got it again

with the farming why it was harder there

everybody's gone all day because they're

at jobs they're working okay are they do

you think they're commuting into San

Diego mostly or yeah into San Diego we

have I mean we have a lot of trade

positions available here there's always

construction going on we have 32nd

Street we have the Naval bases we have

more towards East we have and north and

east there's a lot of buildings for

science

how's climb honestly I've grew up and

walked around Chula Vista my whole life

at all hours of night when I was a

teenager because that's what teenagers

do and I never had a single bad thing

happen to me so I mean

there's a lot of

people who will say things about Chula

Vista but I mean in my opinion as a

resident of 34 years yeah 35 years

basically yeah

um I find it to be safe you know every

area has little things but it's not do

do folks generally just call the area

where we were Rancho del Rey and then

Chula Vista this side of the highway yes

that's correct okay okay gotcha even

though technically Rancho is part of

yeah it gotcha technically East Lake and

Otay Ranch are also part of Chula Vista

oh wow okay way there that's that's out

there by like the Sky Zone and that yes

is that just newer construction more on

the fringes that okay yeah when I was

little now I feel like one of our

parents because I'm like oh my gosh when

I was your age none of this was here

yeah no kidding when I was growing up

this was dirt we would come bring

motorcycles and now they got the frozen

yogurt and the trampoline park and

business Parks okay how would that East

Lake let's say or Otay compared to where

we just were I would say the starting

prices are gonna be

even higher that way just newer

construction right because they're

mostly

I mean brand new within the last 10

years even

gotcha so the price points are going to

start higher and because they're newer

I don't see them being run down enough

to make a huge turnaround unless it was

in foreclosure or you know

pre-foreclosure that rare pop-up yeah

yeah some random

hoarder was living there and trashed it

and pulled all the walls off those are

our favorite yeah yeah

so

yeah so uh what about around where

the West Field is like that pocket up

there The Shopping Center yeah Plaza

Bonita yeah no that's a really good area

too I actually saw a listing over there

that might be a good one for you guys to

look at a little pricier up there yes

but there was a house over there in

Bonita for only I think it was in the

600 thousands and that's why I clicked

on it I was like what yeah yeah exactly

but I also saw the inside of it and it

is a lot that has a lot of potential

gotcha uh how often do you get just the

one baths uh or is it you generally out

here just three one and a half you know

like where we're going now do you get

any one baths out there or no it's all

twos yeah okay I don't think I've ever

gone in a house in Chula Vista that only

has one bathroom got it got it we get

that in Ventura still yeah Claremont

area there's other areas they just make

smaller houses but Chula Vista is an

older town so people used to like space

House San Ysidro

well San Ysidro is about two minutes

from the border yeah there's really nice

houses the price points go considerably

down oh wow okay over there same for

Imperial Beach

I would say Imperial Beach is probably

closer to Chula Vista no okay okay the

thing about San Ysidro it's literally

the Border got it it is the Border yeah

yeah okay so

I would feel comfortable walking in

Chula Vista at night

I would definitely have at least mace on

me if I was walking at night in San

Ysidro wow okay I understand say uh

Chula Vista compares to like alcohol and

La Mesa

and price toe just sort of quality

tennis I mean person who's out there

so

my husband actually lives in El Cajon

and I had never been to El Cajon until

going off were there to see him

and I really like it I feel like it's

very similar to Chula Vista just more

East

and so the prices are cheaper that way

you cannot see the ocean it is hotter

when it's hot and it's colder when it's

cold sure and they're probably not the

level of maybe like a Baker's field more

that far oh no no

no it's only 18 minutes from here got it

to get into El Cajon so

um no it's a nice area too and it would

be very

um

it'd be a lucrative area as well okay

got it how would you compare let's say

this uh this portion of Chula vist that

we're going into now compared to El

Cajon is that somewhat more similar yeah

gotcha okay the main town of El Cajon

the houses are very similar the the lots

are very similar the floor plans are

different obviously but I mean the sizes

I feel like and the driveways the

garages The Yards

do you do Property Management out here

as well which is sales just sales

apparently so my mom lives just up the

hill this way oh so from her house we

can see the ocean that's incredible so

just up the hill Oh so some of these

Elevate up I see yeah so this is all

flat and then it goes up so my mom's

house is on the top of the hill almost

so if you go down l or no you're you're

saying down maybe Hilltop oh well I get

it okay Hilltop towards Otay Valley oh

Thai oh Thai thank you for that okay so

I know I can't

tell you if a neighborhood is good or

bad

but I

if I were buying a house to live in with

my family I would want to stay more on

the morn North area of Chula Vista and

not extremely West got it is that uh

sort of do some people say like L is

maybe uh no because it goes well

um or closer to Paul's Palomar yeah

probably closer to Palomar okay because

East Palomar when you go up Palomar

right is really nice that's a hospital

in that house yeah so there's hospitals

there's a lot of condos

um and then those other track homes that

all look exactly the same got it and so

like orange and Palomar

yeah orange is where we go hmm I don't

know if I want to live in that area got

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advantage of the flash sale okay so if

we were to go from L Street to L Street

really like all

yeah maybe like

this whole area yeah yeah yeah right

here I mean and then up is fine

um anything over here is gonna be

more affordable sure but that's because

of the area yeah yeah

um and then on this side going this way

so probably same thing around like third

ish and then

like this area got it got it so of Chula

Vista this is like this is

what I like best if that makes sense so

within that 1-0 and then even on the

east side of the freeway then I got you

yeah a little bit over here got it

that's really insightful thank you for

that yeah thanks wow thank you very much

okay so um

okay

all right so what was this this one

coming yeah yeah okay okay but that

one's sold or something

oh okay okay and how much was that one I

know we're not going inside of it but we

can find out oh 6.99 got it yeah 6.99

but the other one down the street that's

fixed up is 800. yeah yeah so original

kitchen

yeah exactly you saw the green flooring

then yeah uh so it seems like uh this is

more rental heavy yeah the other side

being the more homeowner heavy yeah I

prefer to be in the homeowner what about

I guess the last question I have is

towards the water over here is this just

development or is it yeah like

industrial or commercial or is there any

real estate out there around J Street

from G Street to all this area is a

kind of like a park okay a marina oh so

it's a marina they have a pier where you

can fish you can dock your Boats off of

this living Coast Discovery Center is an

area where they have animals that

they're rehabbing and schools can go and

do field trips so that's really cool

they have the salt mines are down here

more but this whole area they are

working on developing somewhere around

here they're trying to put a Convention

Center oh wow okay so they're really

trying to build it up because it is

beautiful

do they do short-term rentals out here

Airbnb or anti-that or okay I think the

everybody wants to be against it yeah

yeah but I'm pretty sure everybody's

still yeah yeah because Chula Vista in

this area there's no HOAs and everybody

pretty much the whole city house yeah

they're just what about that way that

way is when we will start to get HOA

gotcha okay okay um

should we just try not to have hoarders

next door yeah okay got it this is

amazing could you shout yourself out uh

your name number however you want people

to get in touch with you hi my name is

Jody Heckle I'm a local realtor in Chula

Vista in SoCal San Diego

if you are ever looking for a place to

buy or sell you can give me a call

619-770-4175 my email is Jody's the

realtor gmail.com and I can help you

with any of your real estate and

investing so thank you so much it was a

pleasure really appreciate it all right

so as we're looking at Chula Vista right

so Chula Vista is divided when it comes

to the market real estate market is

divided into the east side of Chula

Vista and the west side of Chula Vista

the 125 being the main divider and then

the 805 in the end of it the main

divider

um old Chula Vista we consider anything

west of the 805 okay this is where

you're gonna find the three and twos big

logs Grandma and Grandpa's house that

have been owners for many years that may

need to sell usually they sell at a

lower price because they're not updated

homes they don't have the big larger

bedrooms as you may find on the east

side of town we're very short in in

housing so they're very friendly to

Annie which is great potential for

investors you want to just get your Adu

started sure

um to add value and then turn around and

you can sell it yeah that's also a good

idea because if you could buy and then

just wall your tenant is there renting

apply for an Adu when they move then do

your Adu when it's approved right and

Adu

um the junior edu is up to 500 square

feet uh the regular Adu is up to 1250

square feet that's usually a two bedroom

on the June on the regular Adu which you

can rent in town a two-bedroom you can

rent it for close to two thousand

dollars

okay being an Adu with its own bathroom

maybe two oh we have more people coming

make sure it's like an open house

whoever's last could you close the door

thank you

um so that's what you have on this part

of town okay we also have a huge new

development at the end of H3 so this

street is it's not ideal for me to show

you a house on H Street it's kind of a

busy street but is the main Corridor the

leads all the way from East Lake all the

way down to the harbor to the ocean okay

when you get down to the ocean if you go

north and south there's about a five

mile area that is being redeveloped and

you can look it up um there's already

plans for a master plan luxury

oceanfront condos that are going to be

built so all of that they're being uh we

they're redeveloping that whole area

yeah I've found in other cities uh in in

Cali they've uh they've kind of

purposefully tried back burnering the

adus so it's good to hear that here

they're trying to actually push them

through our city is making a big push in

Chula Vista La Mesa they've been also

doing that so when you were looking for

an area that I would recommend yeah it

just depends on what you're looking for

I mean uh Makai kind of put Chula Vista

on my plate and that's what I focused on

for today but I would also look at La

Mesa just because it's a it's a

family-friendly it's the same tea so la

mesa family friendly area bigger Lots

with a lot of potential for the

development of adu's Junior Adu so

that's between here and El Cajon then

okay it is yeah so it's it's right here

it's El Cajon is like right here around

it so it's patchy so you have to be

careful right where you buy but it's

it's also very nicely uh great potential

for Great Rentals

um and bigger Lots on the home side now

the huge attraction to Chula Vista is

the school district which to me and I'm

also a little investor so for me when I

look at where to buy yeah I want to make

sure that I'm able to either sell or

rent that property liquidity yeah

exactly it's School District so you have

Poway School District which is up here

Poway School District is a it's a great

School District

home prices are much much higher than

our home prices oh we're probably wow

okay whether you rent or you buy Chula

Vista especially on the east side but

Chula Vista has a huge attraction we

have dual immersion programs in the

local schools we have a lot of charter

schools brand new so this area was built

in the last 25 years so in this section

you have charter schools in it okay okay

so anything that you can buy in this

area will be rented on a heartbeat and

but they're track homes sure it's it's

there's your cookie cutter type home

yeah yeah exactly smaller Lots between 3

500 4 000 maybe sure adus forget about

it you can install I'm not going to do

them over there is that because what the

city's requirements are or just not

enough room there's not enough room got

it got it okay so adus would be more

down this side Chula Vista heart and

then this area was called uh East Lake

East Lake East Lake Area okay okay it's

like you could still do Adu so I have a

client actually that's built in an ad

the middle of East Lake trails which has

two HOAs and the HOA said no you can't

and he said no I can because the city

says so what the state requires it

exactly yeah but it's a fight it's a

fight but the it was a very small fight

oh because the city has so much power

and wants to have 80. that's really

interesting what about Rancho del Rey

relative to East Lake yeah so now so

that was the story on the west side

right now if we talk about the east side

of Chula Vista this is actually my turf

I live there so it it's divided between

the 125 and the 805 the 125 East is

considered East Lake in the north Otay

Lakes or Otay Ranch on the south excuse

me this side Rancho del Rey Terra Nova

sunbow they don't have melloroos they

don't have HOAs so that's where you'll

find the bigger Lots three and twos four

and twos

um the east side it's plant development

Community East Lake one two and three

and then you have the Otay wrenches that

range from 1 to 13 and those are

different plans got it got it their team

being approved not built yet on the

north side of the league wow still build

that's great that's fantastic that's the

very last development that's being built

as well as

um

down here down south south of Chula

Vista and North of San Ysidro there's a

new development by Aquatica okay okay

usually I like the tried and true

neighborhoods that have already been

established that was just sometimes you

go into new construction neighborhoods

you just don't know what's going to

happen to the neighborhood because

nobody's moved in yet yeah so so that

you know the East Lake anything here my

ZIP code 91914 had two listings two

weeks ago yeah okay sure and there's

thousands of homes where you so it's

it's a high high attraction yeah for

families the school district is a big

Telltale but so I imagine even though

here where uh where we are now you've

got older homes more of them that have

that upside potential in terms of

something to renovate it seems like if

we wanted the most secure less risk we

could potentially be on this side of the

805 and then look for maybe that track

tone that happened to have been a

hoarder or moldy or some kind of fixer

do you see that often very few on the

east side we do see that's East the 125

you said very few

we do see some probate

um in Rancho

on the east side of the 805 so yeah okay

either Rancho all the way to East Lake

very few in East Lake because these are

like 90s plus right yes yeah okay and

then these are 70s 80s okay okay that's

perfect this uh that kind of Region's

perfect for us

but I kind of hear you say the less

risky here this is a very low risk area

the one one area ZIP code okay one one

and one zero

um and husband okay these homes that

you're now looking at 600 650 maybe 700

yeah or about 400 uh three four five

years ago before this new development

was was kind of out in the news and

covid and all yeah yeah but not even

coveted yeah it's it's just development

because the the base Bay Front was not a

great part of town

um Third Avenue is the main street that

goes right through downtown uh Chula

Vista the city has spent a lot of money

rebuilding that area so now you have

micro breweries you have little uh shops

boutiques so they're really trying to

attract a lot of business to the area

that sounds awesome which then expands

into the residential

right by the water

um yeah so and and then you have Alden

Oceanfront Waterfront right right you

know construction that's coming so this

is really insightful thank you for that

that's awesome so what if you were going

to pick rental properties where where

would you pick in this this area it

depends on where you what kind of rental

property now then you have Luxury

Rentals yeah short term so

where do you do short terms out here

okay so it depends if you want to do

Luxury short-term front rentals

year-round attraction would be Coronado

got it 92110 anything there will rent um

year round and they actually allow them

with some restrictions so short-term

rental sorry it would be a 30-day

minimum 30 minutes

in Coronado itself but

um high demand for short term meaning

Airbnb so three days yeah nightly

rentals would be Mission Bay Pacific

Beach Mission Bay La Jolla as well or no

um not as much as Mission Bay okay okay

because you're closer to the water here

yeah I mean some of them are right on

the water but this is a huge attraction

for the uh uh the short-term rentals the

nightly rentals okay we do have some

restrictions there we'll be very

carefully that's the market you want to

get into because we were just Lamb with

a maximum number of licenses uh yeah up

to six thousand we used to have six

twelve thousand rentals and the city

just said no 6 000 is Max and it's

Lottery interesting yeah and it seems

like there are a lot of airbnbs on the

market right now so I would do 30-day

minimum which we do have a lot of nurses

travel nurses and Hospital staff okay or

just rental long-term rental where would

you go for that

um you can do North Park that's a it's a

very good area

um of the eight you have Mission Valley

okay appeals to a lot of business

families because it's close to

everything and how would that compare to

let's say here or uh past the 805 yeah

both sure price yeah so in the in the a

corridor it's the main freeway that

travels East South you have a lot of

businesses along that freeway but then

also you have that freeway that connects

on to uh Sea World downtown I see so you

have

multi-family multi-unit type so condos

Town Goddess that would be that market

that's there okay we're here at single

family sure as well as condos and town

homes

to your family and you said you live in

one four yes okay okay gotcha gotcha

four one five one three it's a very

similar Market

um one three being the higher I would

say

um and just because the way it was built

91913 the Builder decide not to pass the

melloroos onto the homeowners so he paid

it so homes in the 9113 pocket

there's one pocket that does still have

Miller Roots but most of it sure yeah so

usually it sells more than it sells for

more if you have a home there than lower

monthly cost this uh I think the next

property you have is is Zenith that's

that's down here in the Mesa I think no

it's actually

but on the South Side like my orange and

then okay yeah and so how is that area

relative to maybe here so it rentable

um

well yes still if it were me I would

rather be close to Third Street Third

Avenue that's up this way yes okay okay

I understand okay just because you you

have the restaurant live you have that's

more family than you have to travel to

go somewhere this is a little more

appetizing so I would be close to 8th

Street and Third Avenue if you can't

agent third agent third got it okay and

that's where we're at first right now so

I'm assuming yeah that way

okay okay this is awesome wow so thank

you for that this is incredible welcome

so uh all right well I'll take a peek

around a little bit and then we'll take

a look at this one I have it broken down

by neighborhoods this is so great by the

way thank you for that it's so so

helpful because just visualizing it yeah

that's I put myself in your shoes or

anybody else's shoes I have those open

houses you know like nobody does this

right so good job yeah yeah like really

good job thank you uh I've done this

once or twice before yeah yeah I could

tell good for you okay fantastic so as

we go I can definitely point out the

different you know the The Good The Bad

of the neighborhoods sure what will be

more attractive this home it's a little

unusual just because it has additions

and I know I read that you saw that Hey

listen okay look at that that's awesome

I went through it I'm like oh sorry this

one but I just kind of wanted you to see

the area at least it was a good one to

just come in yeah absolutely and they go

from there of course yeah very typical

standard you know older kitchen smaller

like the older what would something I

mean in in this area

do you have a lot of upside if you've I

mean they've already done some of the

renovating right but let's just say this

one was a little moldy or whatever and I

don't know needed some more love uh

what are you looking at how much would

this sell for chip and Joanna remodeled

if you were remodeling yeah so

say that it's in

an even worse

um probably can sell it by it in the not

good condition for 5 50 yeah 600 range

remodeled three and two 700 750 yeah

okay 775. yeah that's kind of that sort

of exact range that we're that you're

looking at yeah that's perfect yeah and

then that way we can invest 50 75 80

whatever when you're becoming electrical

it's simple okay uh awesome now uh out

here lot signs this is roughly typical

out here it's larger than what you had

mentioned five six thousand square feet

is typical for this area

most of them in this area it's a flat

Chula Vista is pretty flat and so all

the lots are very usable yeah um and

flat you know you can have some

retaining walls built but you could push

back like I said and also a lot of flat

roofs I was noticing on this side yes

okay not my favorite no they don't last

as long yeah

yeah but you do have access to the

backyard from the sides of the homes

usually so if you have an Adu in the

back you can have its own private

entrance as opposed to like maybe a zero

lot line that you might get okay exactly

gotcha uh and are people mostly

converting garages are they building

their own adus in the back I see a

little bit of everything the converted

garages I've seen them not permitted

yeah yeah sure yeah how tough is the

city we wanted

to do it right but right

um so if you were to convert it so it

all depends on how well the electrical

and plumbing if there's Plumbing there

was done if it was not done up to code

then obviously you need to bring it up

to code and get it approved but like I

said the city is very friendly to uh

okay approving extra Living Spaces okay

yeah that's awesome great yeah let's go

to the next one then that's super cool

yeah I'll take a quick peek at the back

we can take a look at the yeah the

bedrooms and then the flat flat paint on

the back door it's always funny when

they do flat paint

paint on the doors it gets so black so

fast yeah yeah

so this is the original side of the

house that was added yeah so was this

originally a three in one so

yeah and these walls a lot of times you

have walkthroughs this is a three and

yeah were they connected yeah you can go

on on the other side they've closed it

up oh they built a oh no no it's a three

and two oh there it is Makai said a

three and two I thought I follow the

rules but look at that so okay wow this

was added

yeah yeah that was a little half bath at

it there so the master yeah okay but the

size of the rooms this is pretty typical

yeah if you go to the east side the

newer construction anything even smaller

okay gigantic really yeah okay okay now

families like big master bedrooms big

Master bathrooms with shower and a tub

so if you go east the square footage for

the bedrooms is definitely much bigger

the minimum I would say is 12 by 10.

okay we're here you have 99. like the

secondary bedrooms or 99 yeah he almost

crashed into the airport gate so I'm

gonna lower my deductible because he'll

probably do it again at some point in

the future almost

you floored the Plaid at the airport

gate

40 minute hold timers you're lucky this

time

Mama email them that's

that's high Tesla comma could we lower

the deductibles on both of the vehicles

on my policy to 500 or the lowest

available question mark So California is

great if you can pick the right markets

you can absolutely get some phenomenal

wedge deals in California the problem is

your cash flow is going to be a little

bit on the lower side so the way to

blend it to have a blended portfolio is

pick markets and let's say areas of uh

Vegas Nevada maybe uh Phoenix Arizona

right different markets and pick the

best neighborhoods in those markets

where you can now get your average cash

flow higher but still have the benefit

basically the option on appreciation and

getting those good wedge deals in every

Market that you're in so now you're also

getting a diversified portfolio so if

there's an earthquake or a fire or

whatever not all of your portfolio is at

risk and you're dealing with all that

turnover because even if even if your

home's burn down and you get new

properties great but it's still a

headache I mean obviously you don't want

anybody to get injured it's still a

headache because you've got to rebuild

the properties uh oftentimes the

insurance doesn't cover all of the rent

that you'd miss out on they'll maybe pay

you a Max of 12 months of of you know

their version of Market rent and then

you're dealing with the insurance and

then what if it takes two or three years

to get the property it's a disaster so

the point is I'm going to build an

established areas that don't necessarily

have high fire severity risk so that's a

plus or minus I mean if they're fans of

adus in like downtown or or or the the

core sort of Chula Vista part where

we're not super excited anyway yeah now

one thing that is interesting about adus

and it's something that I've been

thinking about a long time is what you

can do is you can buy homes rent them

out long term you know obviously fix

them up get your wedge deal then apply

for an Adu apply for the same exact Adu

on all let's say 20 of your rental

properties just throw them on the desk

at the you know permit count it's like

look it's the same thing 20 times we're

paying you the fees 20 times for

basically the same work and uh and then

while you have your your first round of

tenant in you apply for the adus you get

all the approvals in then when the

tenants leave one by one and they they

turn great break Ground start your

construction re-rent it to a tenant

who's okay with that construction going

on you'll need to be a little

challenging you want to disclose that

obviously you don't want to just drop

new construction on on a tenant who's

living there and oftentimes you'll find

Tasker that's fine you know I don't work

during the day anyway as long as it's or

I'm not home during the day anyway

during eight to five and do all the

construction you want right you do that

with your new tenant now you build an

Adu boom cash flow up it's another

strategy there's so many ways to slice

the Apple in real estate it's phenomenal

but there are also ways to get screwed

so that's why we're traveling as much as

we are to make sure we avoid that

I want to get screwed okay I just

screwed up yeah I know Kevin

it's all good wow this I told you I

didn't want to come to this part we have

time this is orange isn't it

no it's Maine it's even worse

you know I really love this experience

today

um you know being here with the crew I

really got to know a lot about the area

and how Kevin thinks you know and so I'm

really appreciative you know the

opportunity that I've had and uh like

for my business I do uh tax preparation

I'm an enrolled agent and I'm located in

Palm Desert California I do a lot of

taxes for uh people that sell property

and this really helped me you know just

it was a real good learning experience

today so like I said again you know I'm

really appreciative of this and I really

hope that I get to do this again in the

future nice we'd love to have you back

how um how do people get in touch with

your business uh so my business uh you

can contact me uh

760-275-0269 you can either text me or

call me and um more than happy to help

you out I do a lot of remote work so I

can help you even if we don't see each

other physically I listened to Kevin

every morning when I put on my makeup

and I learned a lot that way so as a

businesswoman and the business owner I

learned a lot today how to look for real

estate investment deals what to look for

what not to look for so I learned quite

a bit

um I'm the owner of workplace Justice

Advocates it's a law firm plaintiff side

employment law firm in Orange County

California we represent employees who

have been fired or wrongfully terminated

in cases of race discrimination gender

discrimination whistleblower you name it

we help all employees who have been run

by their employers and to get in touch

with me I am at workplacejustice.com my

name is Tamara freeze and the phone

number is

949-378-9794 thanks so much am I a good

employer so far we're not going to see

it okay

he's got you know Gates on their windows

and bars no respecter of persons however

I am a respecter of houses

okay

wow their zinsco panels are so rusted

out okay when they have security lights

here we're fine oh yeah the ring that

doesn't work that's what I'm saying the

panel that house is disaster

yeah like it's no like sometimes they're

so bad that they're not a wedge anymore

yeah so on this one we're next to the

glow-in-the-dark Power Station over here

we've got

um

you know I don't necessarily want to buy

next to I mean the garage door is

original the zinsko recalled electrical

panels original it looks like the back

patio is burned down on that one the

house is Rusty and kind of funky

everywhere I mean this there's just no

maintenance at all happening on the

neighbor's house they're so fearful that

they're you know Tacoma over here is

going to get broken into they built a

whole gate in the front of their house

you got bars on the Windows this guy has

never painted the outside of his

property you could see all the rust

right here and then sort of the chipping

paint on top uh it's just you know this

is this is

it's much more risky because you know

you put money in and all of a sudden

you're the nicest house on the street

you know so now you're getting dragged

down in value so it wouldn't want to do

that you want to be the the nasty house

on the best street hell yeah

so freaking lutely all right where's

everyone yeah that's not

glow-in-the-dark power structure that is

a jungle gym

you know what that would be quite a

shocking experience

oh no hey but look there's fresh new

concrete right here very nice

sorry okay

all right

these are security gates right here okay

yeah

they got those they got quite a few of

those they do yeah they do so

um so area more rental heavy on this

side a lot more potential renovation

sure units this area is closer to Mexico

the border is literally through a stone

and it lands in Mexico

you'll get a TV Mexico channels yeah

so we have a lot of Border crossers a

lot of people that either have business

in Mexico and they want to bring their

family to live here so homes in this

side of town are heavy in heavy demand

because because that extra tenants uh

interest population okay so um as well

as bigger lots you'll see when we step

outside this lot is this okay got it so

this is also weird that Adu potential

that I'm not yes yeah got it got it and

now um

see the where was it gonna it's gonna go

somewhere with a question I totally

forgot so I'll come to you don't think

about it this one also

say that they've added onto the back

thank you they've um thank you they've

um done some of the flooring in some of

the rooms so there's a little bit of

renovation but obviously it's great

potential to open up the kitchen make it

more yeah because for us it might create

a little extra risk compared to for

example what you were talking about

towards the other side of the 805

because of the other homes on the street

not being remodeled we would end up

being one of the first three ones yeah

yeah we don't want to be the person

yeah yeah exactly

um but yeah okay this is thank you for

showing me this part of town because I I

never know otherwise yeah you wouldn't

have seen and very common then to get

the the add-ons in this part of town huh

are you allergic no oh okay okay um

either cat or dogs oh this is pretty

long

uh okay so yeah yeah

it looks like they started adding and

developing and that's okay there's

nothing wrong with that yeah yeah I mean

there's a lot of space out here there's

a lot of space and then you have the

street here which you could have access

um I saw that in the Cars movie

yeah it's Raiders right there say hi

um being across the elementary school

you know yeah young families it's nice

you can't be there

anyways

I didn't have a ton of options

but the best neighborhoods we wanted to

see the good the bad the ugly and

everything yeah you don't want to invest

and we more importantly want to develop

a relationship with you and get to meet

you shake hands with Kevin because

that's honestly like this relationship

is super valuable to us because how cute

like me cute 2023 early 2024 get a call

from me like hey remember that

neighborhood we were at Kevin's like yes

I remember that neighborhood I remember

you let's do it I don't know and don't

worry about that because we're we're

available again right now

based on what you've already told me I

know you're great over there as well I

know you know what you're doing I've

done real estate for quite a while and

I've met hundreds of real estate agents

and and you thank you you did it I'm

here I did send you I did send you a

link to the off Market properties

whenever you get a chance if you want to

sit go through those

um those are totally off Market but

they're effects are upwards oh that's

awesome and it depends on you have that

link right now we might go drive by

right now that's awesome so I mean you

can take a look drive by some they are

entry is more difficult they just give

me one day and I can either make it or

not yeah

um but it's it's also see it for stuff

like that if those are in

the markets that we decide okay yes

those are yes we we can buy them without

even coming we can always look later and

but we would probably just waive our

inspections and I yeah I like to always

at least walk it from my investors just

sure just so you know the amount of work

you know we've discovered mold that we

needed remediated which is not anything

bad right but I want to know ahead of

time yeah yeah because I want your

budget right exactly yeah um so so

that's interesting there's some in

Carlsbad and Oceanside that are oh so

you work a bride Market what car was

about is that a market where you

personally would invest your money I am

right now looking oh wow okay well that

is population growing how have you um so

for me Carlsbad it's such an old part of

town that has such a like Del Mar it has

a the reputation of a community that if

I can get to live there I will wow and

so it's really close to the beach

um there's a really nice vibe in that

lockdown so Del Mar calls bad that's

good to know sure yeah very good there

is there's a condo now two bedroom seven

fifteen that is off Market

um that I think is very very interesting

I put myself on the list to go see it

how far is that from here

no traffic 45 minutes okay other side

yeah so North yeah 45 minutes north I

mean you are at the very south of yes

San Diego

um but any dry within 30 minutes to me

you know and and it's Central because

you can work in downtown San Diego and

still live in Carlsbad but it's a beachy

town

Escondido so there is a university there

San Marcos that has attraction if you

find a property that would meet students

needs right so you can't if you find a

home then you will rent it by the

bedroom

um to me it's an iffy Market it's it's a

trendy area so it could be trendy now

but then people lose interest same as

Murrieta

Temecula area when it's hot everybody

wants Maria and Temecula Wineries it's

beautiful area but it's really far

there's really no jobs out there so

everyone is commuting an hour hour and a

half hour 45. you lost me at room rental

yeah is there any other markets

for me

so yeah so me myself I'm currently

looking at the North Park area for

short-term rental

um Carlsbad area as well for short term

um I am looking at anywhere in Chula

Vista IB what's that Imperial Beach oh

okay okay

um oh for for and that's 30-day

short-term rentals Plus or under like

nightly rentals

you can do short-term in IB you can do

short terms as well

um but I would do 30 days just because

of the type of tenant that we have in

the area got it so IB is the next city

south of Chula Vista and uh they just

installed a military uh uh sealed base

sealed Team Six their new training

center is right there it used to be in

Coronado now they trained there since

then

um we've had a huge demand and that's

awesome prices there so if you can find

anything it's a remodeled there there's

actually another one off Market that I'm

looking at so um IB would be very

interesting wow as well that's really

good to know um

yeah and he's like if if you can get

anything and he's like very cool this is

amazing thank you seriously so much can

you shout yourself out until uh you know

anyone who's watching us uh your name

and how to contact you yeah so my name

is Raquel Fernandez I am broker

associate with Coronado Service Company

and you can contact me on my cell phone

619-453-4513 I always answer my phone if

I don't within an hour I will call you

back it's true she called me right back

otherwise lunch on me wow or you can

email me uh at Raquel

r-a-q-u-e-l at

getlocalhomes.com phenomenal thank you I

never answer my phone I'm jealous

do you have two yeah and I should cut

down to one yeah yeah okay thank you

you're welcome that is the one thing I

think the agents very important

yeah yeah I stopped selling with clients

though so when I was I stopped working

with clients a lot of VA loans here you

guys know that right well because of the

base then we don't have one we have

three military bases 32nd Street

there's one that isn't uh who saw it I

think Mikey saw it anyway

um yeah so a lot of EA out here but but

nothing close to 08 you're seeing in

terms of lending no yeah no because we

don't have the negative amortization

loans that we had back then that you

know when those loans came adjustable

people's comments doubled what do you

think about the folks and I know they

have to qualify for the whole term now

but the three two ones people are doing

everything you're doing that out here a

lot yes that three two one two one buy

Downs they're a great option for buyers

that are waiting to see if those rates

drop and we think they're going to

nobody has a crystal ball right but we

do think that they're going to go down

and so the three two one buy Downs are

helping people out yeah they're helping

them qualify they're helping them I

think just get excited about yes I'll

commit to the purchase and yeah so yeah

I would call these like detached condos

yeah yeah

yeah the whole thing yeah I mean it's

in a weird way it's also possible that

they're just planned unit developments

and no HOA because I mean with I mean

you can see the moss growing right here

at the back by their window all the

staining on the edges of these

properties generally an HOA would would

regulate that maybe the HOA is not doing

their job that's also possible that it's

a bad HOA but yeah it's it's every

single property hasn't been painted here

since they were built in there I would

guess these are awaits uh so

there is an HOA but I think that the HOA

sucks

the fact that there's probably more

renters here than owners living in here

yeah and so probably that's the reason

why that's a good point

let's see here

okay so this is 747.7 and I really like

sevens uh three bed two and a half bath

1671 square feet this is yeah 154 a

month for the HOA

so you just got a bad one built in oh

six I said 08. how much is it going for

747.

how many bedrooms this is a three to

sixteen seventy one

that's actually nice

by no means a fixer but it'd be

interesting to see

how's it going

to meet you sorry we got a caravan today

yeah so we just went to uh oh boy what

would you call it the west side of the

805 and we kind of learned a little bit

yeah probably not where we're looking to

buy right probably more uh this side of

the 805 this side of the 125 is it I

think yeah what's with the ho I mean it

doesn't look like they have been painted

since they were built out here yes it's

just the HOA is just not with it or well

you know I think that this particular

complex everybody has their own

responsibility for the exterior oh yeah

I see some people can pressure wash you

can repaint we have to repaint in the

approved colors but nobody's repainting

so okay all right yeah so I mean some

people have gutters it helps a lot yeah

yeah you'll see all the stains on all of

them right

so I got it got it okay okay get to a

point where it's bad enough

and say clean it up got it okay yeah and

so how does this HOA compare to some of

the other ones that you see in the area

uh you know they're all pretty standard

out here okay yeah okay yeah they you

know they had a big

uh this area got hit really hard when

the ball burst because they're all new

houses yeah exactly oh six I mean they

were built at the top basically yeah so

they were probably empty first yeah so a

lot of these trucks hold foreclosed uh

but now the hoys are all back in much

better financials are they balanced now

most of them okay all right how are the

management companies for them out here I

mean they do their job yeah right you

know yeah okay they're maybe a pain in

the butt to some people but sure yeah um

you know their job is to make the

community and yeah keep people in mind

so okay all right thank you for that I

think they do their part yeah yeah

huh that's awesome yeah it's I've I

haven't seen them built like this where

you have uh the shared by oh no River

Park has some of them the shared drive

race in the back that's cool yeah

pods yeah yeah yeah yeah would you say

something like this would generally rent

for 4 500 wow that's incredible so

people really want to be out this side

better schools out here

um newer properties bigger properties

okay

um you know there's a lot more stuff

kind of like the big strip malls of your

normal the newer stuff and it attracts

area type amenities gotcha okay okay so

and a lot of people are talking about

the city being pretty good about adus

maybe in like around the age and third

area like how how is that are people

really taking advantage of that or

people are trying to buy up properties

with Big Lots yes so they can do the 80s

yeah gotcha I've sold two in the last

six months yeah had Big Lots and that

was they're probably 75 of the buyers oh

wow okay okay so people are competing

for those and but then out here do you

ever get uh we're gonna a to you the

garage or not so much in the HOA some

just depends on the HOA obviously like

this choice is a little bit harder

because they're so densely packed yeah

but um I know that there's some other

complexes out here like San Miguel Ranch

okay um which is another tract yeah

people do ads out there oh really show

me where that is let's see that's

interesting uh the darn thing turns on

okay this is the higher price point so

you're looking at like a million to 1.1

okay for a lot of those but they're more

like 3 000 square foot homes uh okay

they have a bigger yard a lot of them

have like big slopes in the back so you

can cut into them

uh make that space a better use that

makes sense and where would you say that

so right now we're in Otay Ranch yes and

where was that it's um up here oh

because we're looking at another one

over there right yeah we're going here

next okay honestly Green's next that's

like the country club or something like

that it has a golf course on it got it

got it and you said that's more towards

this way where you're eating larger San

Miguel Ranch is up here God look at

those tracks got it okay yeah that's

awesome yeah and and for us I mean we

don't really care how new the property

is just as long as you know we find

something that's you know hoarded or

mildewed or or you know something that

is flippable but we can pay more than

the flippers right right uh this would

be our goal is just to long-term rent

them and stable

areas and then uh yeah we we'd prefer to

be the uh like the worst house on a buy

sure on the nicer streets yeah

um some of the like Main and orange was

I think you could buy the worst house

and

kind of stay that way

there's a lot of rough stuff out there

okay is that's normal then out there

yeah okay all right okay all right uh

great so so what uh do people have an

expectation of like three or four

bedroom uh here or not doesn't make much

of a difference most of it is at least

three bedroom yeah three three two

there's four twos you'll see a lot of a

lot of four bedrooms also or you'll see

like the three bedroom plus a loft big

premium for a fourth bedroom out here or

not really some not more than any other

area okay okay all right yeah I'll take

a quick peek upstairs

okay yeah so I mean this is see oh six I

actually like because o6 is like you

still got the newer Plumbing the newer

electrical but things are starting to

get a little grungy right so you get

damaged on the cabinets you go over to

the windows and you just get damage on

Windows funky things it looks grimier uh

you know if it hasn't been painted and

and 15 16 years are like the carpet's

kind of nasty things have yellowed out

you know they've painted a few times and

you can tell it was you know a tenant

who threw something in probably uh and

you know it's like it's that little

chicken Dooley stuff but sometimes you

know like here's the toilet paper

holders broken off and I know like this

like super ridiculously minor but all it

takes in a property like this is to like

have the laundry room have a little bit

of mold or like let's say there's some

mildew down here because uh some water

was running or whatever you're getting a

home that has phenomenal bones

Electrical Plumbing roof found Nation no

worries at all about any of this stuff

and then you just fix the Cosmetics

stuff like this is the easiest stuff to

do uh I mean it like they would make so

much more money on this place if they

just painted it but that's okay they're

leaving opportunities for other people

so that's fine but I mean probably

something like this the cool thing is

stuff like this you could just start

like trying to lowball stuff but usually

uh you know it need to be a little bit

more damage to really get some good

value in it but yeah I mean you get sort

of the grimy just everywhere you look

kind of like the griminess like the more

of that the better it kind of smells

maybe like there's an animal that's been

here or whatever I mean I don't know

someone's half working on it over here

that's right you know what it is it's

probably an owner that's like oh I'll go

paint one wall today

gosh this doesn't even make sense

um yeah whatever it's these little

things you do before you listed for sale

it all used to be blue in here and

they're painting it semi-gloss so you

know this is probably just a landlord

throwing the cheapest crap together

didn't even take the face plate off the

paint behind it I mean just this is all

nonsense it's so little and easy to deal

with but it's funny because like a home

buyer who's actually wanting to pay top

dollar is not gonna they won't buy they

don't want to do anything they're busy

at their jobs they have jobs go make

money let somebody else fix it up like

me

yeah I mean you could probably spend 10

and get 30 on something like this yeah

check the Direction real quick

yeah all right okay let's go next one

let's go

the whole place has a weird smell here

yeah everything I started mouth breathe

I don't want to smell it anymore that's

what I'm saying yeah yeah like how do

you feel about the value adding this

yeah so I was saying like maybe you put

10 and you get 30 you know paint carpet

there's much you can do right no this is

not so yeah

families what I'm saying like if if it

had like a moldy shower or bathroom and

then you instead of putting in 10 you

put in like 20 or 25 you could probably

get 100 125 just because of the moles

right like even I mean it's all nice

yeah it's fine yeah

it's the cheap part right come on

something similar

yeah I mean if you did like three rooms

would be like 800 bucks okay staircase

in the hallway you're like 15 maybe

today with inflation it's two grand yeah

you know I I will say the HOA it bugs me

that they're not sending the notices out

about this painting and and the damaged

screens and just some of the nastiness

uh because it does it puts a little bit

of a lid on your neighborhood versus

others and if that means I have to have

a vacancy for a week longer because

people like my neighborhood less than

you know the next neighborhood over

that's a little bit more well-managed

well that sucks now every time I have a

rental turnover I gotta pay another

basically uh seven days worth of rent

which that could be you know 1200 bucks

and and you do that at multiple

properties it's not worth it it's too

risky right uh you know it's one thing

if like you have one rental property or

whatever and it's like nobody's really

checking but you know you want to be as

efficient as possible and so you get try

to get the nicest quality stuff possible

and then you minimize your liquidity

issues uh yeah rent fast sell fast

hey planes survive lightning right

Christian tell us about oh okay so

Christian explained to us that you can't

just park in front of a fire hydrant and

pretend nobody will see because in the

middle of the street they actually have

these little blue I don't know Lane

dividers uh the little asphalt sticky

thingies that are specifically designed

to show the fire department where the

fire hydrant is which kind of makes

sense because if it's a nighttime or if

it's nighttime you want to see the

reflector or whatever but that's kind of

cool I never thought of that before

that's cool good job Christian

newer neighborhoods only similar on this

HOA here it seems like the outsides they

don't like painting or pressure washing

them yeah they take their time on it

because you know they they are trying to

allocate everything towards landscaping

and the cost of maintaining some of the

stuff is gone yeah everything's gotten

so expensive yeah what um where would

you buy rental properties would you buy

out here in like East Point or would you

go towards

you know I think anything in this newer

area of Chula Vista okay so Otay Ranch

Otay Village East Lake any of these

areas these are all anything highly

desired rentals rent fast yeah because

we're not going to sit on the market

forever no no you won't have any issues

finding tenants for any of these okay

nice is that the is that also true

Rancho del Rey yeah yeah okay okay

Rancho Delray is a nice Community

because you don't have any HOA there yes

okay and so um I sold two two there last

year okay or last year in the year

before gotcha people love it out there

people love it there okay okay yeah a

little bit older though you know you're

talking about late 80s early 90s

construction so it's a different vibe

and get some asbestos you know people

could be fearful you know I love that

stuff

yeah yeah 78 78 lead-based paint form

all right we'll take a quick look over

here uh okay oh they spray painted this

that's nice so they got the little rugs

here yeah this one's a pretty move-in

ready okay now you can smell the

formaldehyde the carpets

I think that's is that a workplace

hazard

I need insurance

what insurance protects me from you

we have that we have that yes yes yes

yes

that's true what's that like dealing

with the insurance agents on or the

insurance attorneys uh it's it's easy

they're easy they know if they know your

reputation yeah yeah they roll over

yeah good for you

trial lawyer yeah yeah yeah that's

awesome

huh

okay yeah I mean

they've mostly I mean this is I mean

other than like a little crustiness

around some of the mirrors this is

pretty moving ready this is pretty good

insurance against the golf balls yeah

yeah no kidding huh okay all right yeah

I mean this is pretty simple

yeah pretty much yeah let's let's find

out yeah that's gorgeous you're right

let me take a look at a yeah this is

nice nice very cool

you have just the exterior maintenance

not so fantastic but maybe I've been too

picky he was saying that the the bottom

like the hoarder house that are flying

off the shelves but the house is like

these that are like not maybe like the

perfect wedge bag sure in between where

it's like they don't want to necessarily

do all the work because of the low Roi

these ones sit on the market for a while

yeah probably because they're still

pricing off the older comms huh part of

it yeah some of them okay A bit of

pricing it's a bit of like a slime okay

that homeowners don't have the ability

or the money yeah to come in and do what

they need to do right they'd rather

Finance the turnkey property exactly

yeah yeah that's well that's why the

wedge exists in the first place you know

somebody doesn't even want to go through

the headache of dealing with a newer

kitchen or whatever so I mean in this

area we've seen we know the older houses

are wedges yeah I mean this this house

isn't necessarily a turnkey you could

live in it but you know in terms of a

wedge how much like obviously you have

original countertops foreign

this floor is totally rentable okay but

the exception of over here

I guess yeah you're right um it's tough

because you know it just it's not that

bad right uh like a this is kind of like

the last one where okay so I mean you

put a new five grand floor maybe you got

your five grand back it's just not bad

enough right now the neighborhood's

pretty cool like if something over here

uh was a little moldy or or a little bit

more damaged uh and the floor is

actually a good start over here but

they've already painted upstairs

replaced the carpet like they've already

tried fixing some of the longer term

issues they've had here I would guess

they just painted the cabinets redid the

knobs upstairs

like filter cabinets

were painted at some point yeah I don't

think it's recent because they didn't do

Hardware or anything else I know you

would think they would do Hardware here

yeah

they did they did the uh or somebody did

the bronze hardware upstairs but you're

right not here like they they spray

painted the handle for the staircase it

feels a little open doors like they did

like some of the things that were on

their checklist but do you get Open Door

out here too yeah yeah you love them for

months and months a month yeah exactly

yeah

yeah wait yeah yeah it's uh but uh but

yeah I mean like this this East Point

area is gorgeous we would I mean we

could basically Buy in neighborhoods

like this blindly I mean if if you're

like oh yeah there's there's what you've

described in terms of like well do you

want a hoarder house or whatever in one

of these neighbors I don't even have to

come we could you know write an offer

site on scene and remove contingencies

on it because I mean we'll we'll

obviously come to the market more often

before we do that but

um stuff like that we can move on pretty

quick uh but yeah it's it's difficult I

mean something like this you'd have to

get somebody so motivated that they were

actually willing to take you know where

you can build into which it's possible

you offer them cash you know and see

what happens you start with a phone call

though

you know it's tough one because a lot of

these haven't had much turnover later

right because the last six months

everybody hunkered down and yeah didn't

move and so you don't have any recent

comps and people are trying to

re-establish comps right now yeah and

they're all over the place yeah you're

it's and that's why buying in that

declining Market is tough when we're

waiting for like if we can get that once

we see the actual like turn then it's

just deploy yeah yeah so but uh but yeah

I think that's coming soon

two weekends ago yeah we saw the market

shoot yeah race dropped yeah is that

where you saw you yeah I had a listing

that I put into escrow with 19 offers

wow that's awesome uh and they closed

and they're closing this week 10 days

yes

we saw for that and then last weekend

totally different story oh wow it's

already translation

oh yeah no as soon as those mortgage

applications expire or you know people

can't they don't have their rates locked

they're out yeah you know they're like

oh I guess I'll wait again well they're

up almost three quarters of a percent

from then yeah just two weekends ago

it's crazy this is amazing can you could

you shout yourself out and let everybody

know your name how to get in touch with

you yeah thank you so much of course

we'd love to come back and learn more

definitely neighborhoods yeah I'm Ken

Schwartz I'm a Century 21 award you can

find me online at schwartzrealty YouTube

Instagram so connect with me that way

awesome awesome uh do you want people to

call text you however sure yeah yeah

858-500-2195 call or text me you can

view my website and go from there

awesome hey seriously thank you so much

my pleasure yeah we'll get out of here

before the rain comes yeah let's go you

can marker that stuff and you know it's

like what you do is you let the tenant

know like hey like we we realize there's

damage there uh it's we tried color

matching it maybe you replace a board or

two you don't have to replace all the

floor yeah no not at all

um

yeah that's nominal and it's it's like

that's normal wear and tear that kind of

stuff you know they're inexpensive

laminate floors there's not actually

that much square footage down there

anyway but uh yeah okay cool yeah so

this shows you a little bit more the

East Side early 2000s

yeah so what happens is it gets really

dusty in Cali because down here because

it rains so little and uh you get all of

the Dust sits on the roof and then when

you get the rain it runs down and then

that's where you're getting the nasty

see that's like splashing so think about

the water hitting the bottom and

splashing up and the dust up and stuff

exactly yep okay but that's easy fix

it's paint pressure washing paint

all right cool airport Chula Vista was

amazing now usually when we go places I

don't get to say that every single time

but I have to say a lot of other areas

definitely going to come back here want

to explore now some of the other areas

El Cajon Carlsbad we'll look at a little

bit of La Jolla obviously if we're going

to do more expensive properties we have

to make sure the rental numbers still

work we have to make sure the wedge is

substantially larger right we're looking

generally for wedges of around 100K per

500k invested so let's see what happens

but I'll tell you this is exciting

um

yeah learn more at househack.com thanks

so much for watching and now I'm gonna

go fly and uh there might be something

in that little refrigerator for me

goodbye