Buying a small condo in UTC as an investment?

[Coronita]

[quote=jpinpb]flu – What’s your take on Camino Villas?[/quote]

I’d probably put it on par with Heights. Definitely better the Del Mar Villa and less riskier than Pell Place imho. But I still think Carmel Pointe is a good place to be aside from a townhome.

[bubble_contagion]

I rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?

[bubble_contagion]

I rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?

[bubble_contagion]

I rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?

[bubble_contagion]

I rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?

[bubble_contagion]

I rent at UTC and the market is soft. Back in October the retired couple living below my unit moved to a 1-bedroom to reduce expenses. It took until last week to rent the unit again. Two UCSD students and a cat finally moved in. I pretty sure they got a deal and, like most students, will move in 6 to 12 months. Either to student housing, with new room mates or to another apartment that offers a better “move in special”. Are you prepared to have the condo empty for 4-5 months or to look for new tenants every 6 months?

[jpinpb]

And I’m sure you would prefer no pets tearing up the place, etc. I’ve had pets before and I find many rentals would rather you not have pets. Seems like they had a difficult time finding someone and settled on the 2 students w/cat.

[jpinpb]

And I’m sure you would prefer no pets tearing up the place, etc. I’ve had pets before and I find many rentals would rather you not have pets. Seems like they had a difficult time finding someone and settled on the 2 students w/cat.

[jpinpb]

And I’m sure you would prefer no pets tearing up the place, etc. I’ve had pets before and I find many rentals would rather you not have pets. Seems like they had a difficult time finding someone and settled on the 2 students w/cat.

[jpinpb]

And I’m sure you would prefer no pets tearing up the place, etc. I’ve had pets before and I find many rentals would rather you not have pets. Seems like they had a difficult time finding someone and settled on the 2 students w/cat.

[jpinpb]

And I’m sure you would prefer no pets tearing up the place, etc. I’ve had pets before and I find many rentals would rather you not have pets. Seems like they had a difficult time finding someone and settled on the 2 students w/cat.

[Scarlett]

[quote=flu]

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators
(…)
Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak.
(…)
Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.
[/quote]
Thanks flu for the CV condos, I’ll keep those in mind, including Camino Villas. I haven’t yet look at any, just what was posted on SDL.

[Scarlett]

[quote=flu]

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators
(…)
Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak.
(…)
Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.
[/quote]
Thanks flu for the CV condos, I’ll keep those in mind, including Camino Villas. I haven’t yet look at any, just what was posted on SDL.

[Scarlett]

[quote=flu]

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators
(…)
Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak.
(…)
Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.
[/quote]
Thanks flu for the CV condos, I’ll keep those in mind, including Camino Villas. I haven’t yet look at any, just what was posted on SDL.

[Scarlett]

[quote=flu]

Regarding CV condo. If you really want to explore the condo route. My personal opinion. Is

Good one
1) Carmel Pointe

So so.
1) Heights.

Avoid:

1) Del Mar Villas
2) Pell Place.

Carmel Pointe is a newer apartment convert. The facilities are nicer, and seems to be of better quality construction. (It’s across the street from Crest).

Heights is ok. The biggest drawback is that it’s a 3 floor plan, and there are no elevators
(…)
Del Mar Villa (no offense) is a dump. It’s a really old apartment that was converted at the peak.
(…)
Pell place… Newer place: BUT like del Mar villa purchasers, folks way overpaid for it. Lots of short sells,etc. I expect HOA is underfunded, some folks on some blogs complain about the construction quality.
[/quote]
Thanks flu for the CV condos, I’ll keep those in mind, including Camino Villas. I haven’t yet look at any, just what was posted on SDL.

[Author]

Posts