279: Large Appreciation In A Great California Coastal City With Almost No Downside Risk

There are many opportunities to by large apartment complexes in the middle of the country but certain coastal markets can have less risk. Large California coastal cities tend to stay consistent with high occupancy levels regardless of economic conditions. Rents can contract, but with conservative leverage, you can hold on to a property for the long run and rents come roaring back and with it massive appreciation. Steven Wasylkiw, CEO and founder of Magna Vita Investments, is building a portfolio of multifamily properties in San Diego in growing sub markets that will dramatically increase in value over the long term with little potential downside.