UCSD Area, investment for rental property. – Piggington's Econo-Almanac

This topic has 60 replies, 6 voices, and was last updated 13 years, 11 months ago by sdrealtor.

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January 4, 2011 at 10:44 AM #18347

newbuyer858
Participant

Hi Piggington,

Long time lurker, first time poster. Great site!

I’m looking to make my first purchase soon in hopes to invest in something I can rent out easily for a net gain in less then 5 years.

I’m looking at 2/2 condos and my plan is to get a roommate to help pay the mortgage.

I’ve been keeping my eye on the areas close to UCSD, some of the complexes appear very nice. Prices ranging from 225-285 for nice 2/2’s ranging 900-1100 sqft.

My question is what are your thoughts on this area? I assume I can easily rent to students with the con being they would likely not sign long-term leases.

Any opinions on this area would be very helpful.

Thanks!

January 4, 2011 at 10:52 AM #647762

sdrealtor
Participant

Another data point for you. I just put a 2/2 condo in PQ into escrow for 180K. Rent on it is close to 1500/month but they bought to live there. My buyer got a great deal but they are out there for the taking.

January 4, 2011 at 10:52 AM #648419

sdrealtor
Participant

Another data point for you. I just put a 2/2 condo in PQ into escrow for 180K. Rent on it is close to 1500/month but they bought to live there. My buyer got a great deal but they are out there for the taking.

January 4, 2011 at 10:52 AM #648556

sdrealtor
Participant

Another data point for you. I just put a 2/2 condo in PQ into escrow for 180K. Rent on it is close to 1500/month but they bought to live there. My buyer got a great deal but they are out there for the taking.

January 4, 2011 at 10:52 AM #647833

sdrealtor
Participant

Another data point for you. I just put a 2/2 condo in PQ into escrow for 180K. Rent on it is close to 1500/month but they bought to live there. My buyer got a great deal but they are out there for the taking.

January 4, 2011 at 10:52 AM #648880

sdrealtor
Participant

Another data point for you. I just put a 2/2 condo in PQ into escrow for 180K. Rent on it is close to 1500/month but they bought to live there. My buyer got a great deal but they are out there for the taking.

January 4, 2011 at 11:04 AM #647838

newbuyer858
Participant

crazy – sent you a pm.

January 4, 2011 at 11:04 AM #648424

newbuyer858
Participant

crazy – sent you a pm.

January 4, 2011 at 11:04 AM #648561

newbuyer858
Participant

crazy – sent you a pm.

January 4, 2011 at 11:04 AM #648885

newbuyer858
Participant

crazy – sent you a pm.

January 4, 2011 at 11:04 AM #647767

newbuyer858
Participant

crazy – sent you a pm.

January 4, 2011 at 11:10 AM #648434

jameswenn
Participant

I’m renting one of those condos right now, i’m paying 1300 a month. I’ve seen them as low as 1100 a month recently.

It’s by a college, but it’s real quiet. UCSD students seem like the studious types.

January 4, 2011 at 11:10 AM #647777

jameswenn
Participant

I’m renting one of those condos right now, i’m paying 1300 a month. I’ve seen them as low as 1100 a month recently.

It’s by a college, but it’s real quiet. UCSD students seem like the studious types.

January 4, 2011 at 11:10 AM #647848

jameswenn
Participant

I’m renting one of those condos right now, i’m paying 1300 a month. I’ve seen them as low as 1100 a month recently.

It’s by a college, but it’s real quiet. UCSD students seem like the studious types.

January 4, 2011 at 11:10 AM #648571

jameswenn
Participant

I’m renting one of those condos right now, i’m paying 1300 a month. I’ve seen them as low as 1100 a month recently.

It’s by a college, but it’s real quiet. UCSD students seem like the studious types.
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