As you can see, prices one going up, so be sure you have a formula you're using to determine whether a property will bring positive cash flow. Are you factoring in property taxes, insurance, HOA fees, Mello Roos, maintenance, vacancy, and property management if you'll be using it? My suggestion is to make a list of all of the areas you would like to own. Then have an agent send you listings in your price range. You'll quickly see which areas have the type of property you want, and if they'll cash flow. I can help you with monthly payments for each property that you can compare with market rents. Your monthly payment will also depend on the interest rate you get and the down payment required for your loan.
For any complex, you'll get copies of the HOA documents, including meeting minutes.Those often show current and/or ongoing issues with the property.
Please let me know of you have any other questions, and if you would like listings in your price range.
Cory La Scala, REALTOR
Lic # 01443391
You may also want to consider Villa La Jolla in La Jolla and/or Villa Vicenza (which was Verano's sister project.) Both are still at about the $350K price point for a 2 bedroom. I would be happy to assist you further, just contact me using the information below.
Real Estate Broker/ RealtorÂ®
McAllister Homes Real Estate
Residential Sales & Property Management
Should you need any help. please contact me directly.
Lucera is also fine...That said...getting any 2/2 unit in UTC for your price is going to be near impossible right now. There are two Lucera units on the market right now for $306K & 329K. There is one 2/2 in Verano right now at $348K.
So....you need to re-evaluate your price point.
Please let me know if I can help you. I know each complex quite well.
Cindy Davis, Broker