Home › Forums › Closed Forums › Properties or Areas › Lucera Condo – $199k
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briansd1.
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June 28, 2009 at 10:41 AM #421819June 28, 2009 at 10:41 AM #421980
briansd1
Guestjp, the Yacht Club is the weakest link in Point Loma that’s for sure. Under 300sf condos at peak prices. Those condos will revert back to defacto hotel rooms/vacation rentals.
June 28, 2009 at 2:28 PM #421309PadreBrian
ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
June 28, 2009 at 2:28 PM #421539ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
June 28, 2009 at 2:28 PM #421811ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
June 28, 2009 at 2:28 PM #421879ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
June 28, 2009 at 2:28 PM #422040ParticipantAt 150k these 1 bedrooms are now looking good. Golden triangle, and no MR. Factor in the business tax deductions if you pay cash and rent it out. You are looking at nice cash flow; 12k a year…almost a 9% return. Not bad.
June 28, 2009 at 4:15 PM #421362sunny88
ParticipantThe problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.
June 28, 2009 at 4:15 PM #421593ParticipantThe problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.
June 28, 2009 at 4:15 PM #421866ParticipantThe problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.
June 28, 2009 at 4:15 PM #421934ParticipantThe problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.
June 28, 2009 at 4:15 PM #422095ParticipantThe problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.
June 28, 2009 at 4:56 PM #421367Participant[quote=sunny88]The problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.[/quote]
Looking at the numbers, even at 70% down, after business expense write-offs, you can still make money.
Rental income: +1200
HOA + Ins: -300
Maintenance: -200
Mortgage: -600
Deductions: +200 to 300Net: +400 to 500 a month.
June 28, 2009 at 4:56 PM #421598Participant[quote=sunny88]The problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.[/quote]
Looking at the numbers, even at 70% down, after business expense write-offs, you can still make money.
Rental income: +1200
HOA + Ins: -300
Maintenance: -200
Mortgage: -600
Deductions: +200 to 300Net: +400 to 500 a month.
June 28, 2009 at 4:56 PM #421871Participant[quote=sunny88]The problem is that you need to come up with $150k in cash. Even if you finance 70% of the purchase price you can break even and wait until the prices go up again. The prices have increased slightly over the last few months and should improve further over the next few years.[/quote]
Looking at the numbers, even at 70% down, after business expense write-offs, you can still make money.
Rental income: +1200
HOA + Ins: -300
Maintenance: -200
Mortgage: -600
Deductions: +200 to 300Net: +400 to 500 a month.
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