With the rental market so healthy, we’re seeing a number of investors making some shrewd buys. One of their vehicles of choice is the condominium, especially the brand new ones in projects with developers eager to strike a deal.

There are some sweet benefits to owning and renting a condo in a larger development. When I owned one at The Brannan it was divine to simply call the staff whenever my tenant had a problem. I also enjoyed tremendous pride of ownership and never had to worry about general maintenance issues like a leaky roof or broken window.

Many New Homes projects are offering substantial discounts below the advertised prices. My last two deals have been new construction, and I’m delighted with the values my buyers are getting.

At Paragon we are continually swapping information about the deals we’re getting in different projects. Please call if you would like more details.

This entry was posted on Monday, November 19th, 2007 at 12:00 pm and is filed under Renting in SF, Investors, New Construction. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Posted in Renting in SF, Investors, New Construction  

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