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Property Q&A in 92101 : Real Estate Advice

  • All74
  • Local Info4
  • Home Buying30
  • Home Selling2
  • Market Conditions2

Activity 12
Wed Feb 25, 2015
karim.abuiraq asked:
need to buy one

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This question was asked from this property: http://www.trulia.com/homes/California/San_Diego/sold/2431121-221-Island-Ave-501-San-Diego-CA-92101
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Sun Aug 31, 2014
Lyle Whitsett asked:
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This question was asked from this property: http://www.trulia.com/rental-community/9000020839/AVA-Cortez-Hill-1399-9th-Ave-San-Diego-CA-92101/#floorplan-8
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Tue Jun 10, 2014
Steven Benson asked:
My question is, do you allow pets in this building? Thanks for time.
Steve

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This question was asked from this property: http://www.trulia.com/rental/3158322248-Multi-Family-Home-Sa…
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Wed Jun 4, 2014
Helen asked:
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This question was asked from this property: http://www.trulia.com/rental/3157013931-877-Island-Ave-610-San-Diego-CA-92101#photo-9
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Sat May 31, 2014
ahmed asked:
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This question was asked from this property: http://www.trulia.com/rental/3146500678-2400-5th-Ave-San-Diego-CA-92101#photo-19
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Thu Mar 22, 2012
Mark Mills answered:
HOA's in this building are $400 for a two bedroom, excluding townhomes, slightly more, one bedrooms around $350
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Tue Mar 20, 2012
Kari Shea answered:
Hi,

We do not know if this is your first rental property or not. With that said, there are many calculators like the one Jerry recommended depending on the level of detail needed. Here is one our investor clients have found useful www.realty-developer.com/quick-proforma.php .

Also, please take the following into consideration:

1. Talk to a tax professional to understand the tax benefits and/or penalties to owning a rental.
2. Talk to a real estate attorney to understand your legal rights and exposure.
3. Decide whether to use a property management company or not. You have to look at whether you want to receive an "emergency" call between 10:00 pm and 7:00 am.

Best of luck to you,

Mark & Kari Shea
Shea Real Estate
... more
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Wed Feb 23, 2011
Mike Shenkman, ABR, SFR answered:
In general, No. The property assessment is based on the county assessor of the land value and the improvements on it. Market value is the price people will pay for a property.

In California, this assessment does not change over time in the way a market value does based on supply and demand.

The most accurate way to find the value of a property is to have it appraised.
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Thu Oct 15, 2009
Robert T. Boyer, Ph.d. answered:
If you can get the larger condo that you want and not have to sell the current condo, I believe that would be your ideal choice right now.


For the under $300K in the 92101 there are only 2.87 months of inventory.
For the under $350K in the 92101 there are only 3.03 months of inventory.
For the under $400K in the 92101 there are only 3.59 months of inventory.
The pendulum has swung too far and prices are below values, imo

I believe the pendulum is already swinging back to normal.

You should be able to cashflow given what you owe and the potential rents (including vacancy)

Robert T. Boyer, Ph.D.
Co-Founder http://www.FinestExpert.com
VP http://www.AmericasFinestRealEstate.com
... more
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Thu Oct 15, 2009
Robert T. Boyer, Ph.d. answered:
You might also consider Ryan Ponsford <rponsford@crosswindstrategies.com>. He uses a collaborative approach to integrate your tax professional, estate planning (if necessary), and the CFP and real estate experts.

Robert T. Boyer, Ph.D.
Co-Founder http://www.FinestExpert.com
VP http://www.AmericasFinestRealEstate.com
... more
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Fri Oct 17, 2008
Jeffrey Douglass answered:
Greg, I checked the mulitiple listing service (MLS) for you and the property is not yet listed. It appears that the unit was just foreclosed so I expect it to show up soon, note the listed price says estimated. There are many short sales and foreclosures in the lower priced units in downtown San Diego including units in Treo and Aqua Vista which are located in Little Italy. Sorry I can't help more but I would suggest that you visit my website listed below where you can search all the MLS by dynamic map in downtown San Diego - or by building. The Bank Owned Properties are an excellent buy as long as you are able to obtain financing and sometimes FHA loans are available. Hope that this helps - have a great day. E-mail me if you need more information at jeffreydouglass@mac.com ... more
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Wed Oct 15, 2008
Nick Rhea answered:
Hello Joanna,

If you are serious about buying a property then you need to work with a licensed California real estate broker.

425 Beech St #1705 is for sale. The price is $984,817. You are searching in the wrong database.

I would like to help you, but I can't if you don't call.

Nick Rhea, MBA, Broker
Bombora Investments, Inc
619-886-2004
nick@bomborainvestmetns.com
... more
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