If you are looking for a way to bring in some extra income, investing in rental property can be very lucrative if you know what you are doing. The mantra of realtors everywhere is "Location! Location! Location!" and this is especially important when looking for your rental property. There are several types of renters in the La Jolla/ UTC area and the demand is abundant. West of the I-5, in La Jolla proper, the property values are a little higher due to the close proximity to the beach, low crime rate, and upscale environment. East of the I-5, in UTC (University Town Center) aka the "Golden Triangle", there is the University of California San Diego, Qualcomm, similarly low crime rate, close proximity to the beach and easy access to the heart of San Diego. If you are considering purchasing a rental in La Jolla proper, keep in mind that a one or two bedroom property could be utilized as a long term rental or a vacation rental. University Town Center has many one, two, and three bedroom condominiums that are in high demand which enables any investor to make a lucrative profit. Another important detail is to ensure that the property you invest in is thoroughly inspected and that there are no major defects.
If you would like information about investment properties available in the San Diego area and for assistance with any of your real estate needs contact Kristin Benedetti at Berkshire Hathaway HomeServices 1299 Prospect St. La Jolla, California 92037, BRE # Lic 01946447 , Cell: 858-900-5578, lajollaluxuryhomes@outlook.com , www.lajollaluxuryhomefinder.com. I can also provide you with referrals to reputable contractors throughout Southern California, if you need any help with home improvements. To get pre-qualified or if you have any questions about financing, please contact HomeServices Lending, an affiliate of Wells Fargo Home Mortgage at (858) 436-3483.
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