Hi, SFO condos are down by a significantly amount. Is it a good buy as a part investment property for a 10 year hold and for price appreciation? any inputs greatly appreciated.
Hi, I am also interested in learning condo investments in San Francisco, CA
For long term buy and hold? Absolutely. In fact we just helped someone buy a 2/2 condo and he is renting out the spare bedroom/bathroom to a traveling nurse to help cover the mortgage.
For longer term (>5 year), definitely is yes.
If I buy a 600k-700k condo, how much can I rent it for?
@Karthik Kumaresan rents are currently down 20-30%, so you can expect to get 2.5-3k but with HOA and property taxes, you will be relying heavily on appreciation as an investment. If you are willing to do house hacking, on the other hand, it might be a lot better. It depends on what you are trying to do.
It might be worth if you are going to live in it or house hack., but I feel condos might turn out bad as investment property for buy and hold, especially due to the HOA and their involvement in managing the property.