Investing in Condos - Downtown San Diego
One-bedroom condos vs. two-bedroom condos...
...which is a better investment and why? Downtown San Diego has one of the most optimistic real estate markets in the nation right now according to Cash Schiller. We have been seeing more and more investors looking to purchase condos Downtown San Diego - Penrose Condo. The questions we frequently hear about investing in properties in downtown San Diego include:
·
Which is a better investment, a one bedroom or two-bedroom
condo?
·
What will my return on investment be?
·
How can I be sure that the market will go up and
I will be able to sell 3-7 years out for a profit?
I will touch mainly on these three questions although there certainly are
more than these 3 principles that go into choosing a great investment
property. First of all, make sure you work with somebody that
specializes in the location you want to buy. For the purpose of this article,
let's start with question #3 - Which is the best investment, a 1 bedroom or 2-bedroom
condo?In a previous condo investment blog, we proved that condos with more amenities and lower monthly HOA dues tend to pencil out the best for investment purposes. Given those findings, I am going to use examples with these characteristics.
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