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sunny88
Participant[quote=localguy]The lots are huge and I believe Cornerstone will work a deal with any buyer. We are currently in escrow at another project in Stonebridge. IMO sales will be slow due to the economy. Any buyer should set a target of less than $200.00 per sq. ft. out there.
Localguy[/quote]Has anybody visited this development lately and how is business going there?
Participant[quote=localguy]The lots are huge and I believe Cornerstone will work a deal with any buyer. We are currently in escrow at another project in Stonebridge. IMO sales will be slow due to the economy. Any buyer should set a target of less than $200.00 per sq. ft. out there.
Localguy[/quote]Has anybody visited this development lately and how is business going there?
Participant[quote=SD Realtor]Sunny without getting into much detail, I would not recommend Regents as an investment purchase. It does not pencil out anywhere close to what some of the other stock in UTC pencils out with regarding a rental property. The increase in rent that you would get does not come close to covering the expense of the complex. [/quote]
You don’t think that the current prices for the units are reasonable and will appreciate over the next 5-10 years? It is my understanding that the demand will always be there due to convenient location with easy access to the freeways, schools and shopping.
Participant[quote=SD Realtor]Sunny without getting into much detail, I would not recommend Regents as an investment purchase. It does not pencil out anywhere close to what some of the other stock in UTC pencils out with regarding a rental property. The increase in rent that you would get does not come close to covering the expense of the complex. [/quote]
You don’t think that the current prices for the units are reasonable and will appreciate over the next 5-10 years? It is my understanding that the demand will always be there due to convenient location with easy access to the freeways, schools and shopping.
Participant[quote=SD Realtor]Sunny without getting into much detail, I would not recommend Regents as an investment purchase. It does not pencil out anywhere close to what some of the other stock in UTC pencils out with regarding a rental property. The increase in rent that you would get does not come close to covering the expense of the complex. [/quote]
You don’t think that the current prices for the units are reasonable and will appreciate over the next 5-10 years? It is my understanding that the demand will always be there due to convenient location with easy access to the freeways, schools and shopping.
Participant[quote=SD Realtor]Sunny without getting into much detail, I would not recommend Regents as an investment purchase. It does not pencil out anywhere close to what some of the other stock in UTC pencils out with regarding a rental property. The increase in rent that you would get does not come close to covering the expense of the complex. [/quote]
You don’t think that the current prices for the units are reasonable and will appreciate over the next 5-10 years? It is my understanding that the demand will always be there due to convenient location with easy access to the freeways, schools and shopping.
Participant[quote=SD Realtor]Sunny without getting into much detail, I would not recommend Regents as an investment purchase. It does not pencil out anywhere close to what some of the other stock in UTC pencils out with regarding a rental property. The increase in rent that you would get does not come close to covering the expense of the complex. [/quote]
You don’t think that the current prices for the units are reasonable and will appreciate over the next 5-10 years? It is my understanding that the demand will always be there due to convenient location with easy access to the freeways, schools and shopping.
ParticipantIt’s too good to be true…
ParticipantIt’s too good to be true…
ParticipantIt’s too good to be true…
ParticipantIt’s too good to be true…
ParticipantIt’s too good to be true…
Participant[quote=sunny88][quote=SD Realtor]I know it well. Sold a listing in there a couple of years ago. Also my wifes office was about 1/4 mile away for 5 years.
What exactly do you want to know about it Sunny?
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Thanks!
My questions:
1) Any thoughts about how easy a unit can be rented out?
2) Current price attractive enough to buy? What was the original price of these units? I’m mostly interested in the units at 4155 Executive Drive
3) Any ideas if the HOA is under financial distress?
4) Does the property tax adjust to the new sales price or remain the same as the previous owner paid?Your input is very much appreciated!
[/quote]Participant[quote=sunny88][quote=SD Realtor]I know it well. Sold a listing in there a couple of years ago. Also my wifes office was about 1/4 mile away for 5 years.
What exactly do you want to know about it Sunny?
[/quote]
Thanks!
My questions:
1) Any thoughts about how easy a unit can be rented out?
2) Current price attractive enough to buy? What was the original price of these units? I’m mostly interested in the units at 4155 Executive Drive
3) Any ideas if the HOA is under financial distress?
4) Does the property tax adjust to the new sales price or remain the same as the previous owner paid?Your input is very much appreciated!
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