Of coarse if you really are focused on cash flow you should consider commercial properties. I think SoMa South Beach has a good future in that respect.
It's been 10 days since you asked this question. Have you made any decisions yet?
I'd be careful with condos in SOMA. In the long term there is definitely upside, but you really have to dig into the financials of the HOA to see if there is the possibility that dues are going to go up in the near term. If you don't see significant property appreciation, then the HOA dues are really going to eat into your cash flow. Furthermore, since you already own a condo in SOMA, you might want to diversify your portfolio by investing in a different type of property or different area of the city.
Have you considered multi family properties? These type of properties can give you significantly better cash flow and see property appreciation as rents increase. Generally speaking, multi-families are considered one of the best inflation hedges. Feel free to check out my blog at http://peterbrunton.sfpru.com/page/312539/Blog-MarketNews/Blog
Prudential CA Realty-Franciscan Properties
677 Portola Drive
San Francisco, CA 94127
415 728 5580
I hope you're well and enjoying our amazing SF weather.
Personally, I think it's a great time to buy a rental property in San Francisco property. After all prices and interest rates are still very low. The type of property you buy will depend on your lifestyle now and your longterm investment goals. Hiring a Realtor to guide you through the process is your smartest move. If you're interested in the South Beach neighborhood of the city, please feel free to read my market report.
Enjoy your evening,
Honey Brooks Realtor
SF Homes of Distinction
International Luxury Property Specialist
S.R.E.S ( Senior Real Estate Specialist)
W.C.R. (SF former President, Women's Council of Realtors)
"Your Personal Business is My Confidentiality"
The short answer is yes. With interest rates at historic lows, it makes sense to borrow long term at these low rates. The long answer would be that it all depends on your particular financial situation and what you're trying to accomplish both short and long term. Will you be staying in SF or is there a possibility that you may relocate? How do you feel about being a landlord? Are you familiar with SF rent control? Etc.
I would be more than happy to talk to you some more don't hesitate to call or email anytime.
Now get out and enjoy this weather! :)
Rich Bennett - 415-305-4911 cell
Zephyr Real Estate
2500 Market St.
San Francisco, CA 94114
Any decision to invest should be made after a global look at your finances, income, financial planning and career goals. I believe that every property is worth buying as long as it is at the right price and fills a need in your longterm financial plan.
No one should be able to answer this question without understanding your particular situation and the condo/HOA your are conidering purchasing.
Feel free to contact me at your earliest convenience should want to discuss further.
For me, "wise investment" would be defined either as a property that is cash-flow positive or has tremendous upside. For example, I bought a 3-level loft last year that we could probably rent for twice our mortgage payment, and/or separate the lower floor to keep as a place in the city to come and stay if I ever move. To me, this kind of investment is a no-brainer.
I would definitely stay away from the larger complexes/high rises barring some exceptional deal because the combination of higher HOA fees and higher resale difficulty.
I not only live here but have sold a number of places here as well. If you'd like to sit down sometime to figure out if buying makes sense our contact info is below.
Lance King/Owner-Managing Broker