[quote=flu][quote=SD Realtor]I owned an investment condo in Mission Valley. We purchased it in 03 or 04, not a great time to buy, and sold in 07. It did not cash flow well but we made a nice profit with regards to the appreciation.
As far as tenant quality, we had strong demand for very well qualified tenants. We ended up getting an engineer who eventually purchased from us.[/quote]
SDR how the heck did you pull his off? Wow 04 was near peak… Props to you.[/quote]
I believe it. we bought a condo in 2004 as well. sold in 2005 for a nice six figure profit. our buyer ended up selling in 2008 for the same price. the comparable at the bottom ended up $100k lower than our purchase price in ’04.
