Buying an condo conversaion as an investment property

[jpinpb]

I add I also agree. Don’t put all your money down. You don’t know what the future holds. May be hard to get the money out of it if/when you need it. As long as the rent covers the mortgage and a little extra just in case, that’s probably safer. JMO.

[surveyor]

i’ve been busy! mostly lurking. been doing a lot of business traveling actually. my frequent flyer miles are through the roof.

as for out of state, as 4plex as said before, it can be a huge hassle. it does provide better cash flow opportunities than san diego, but for beginning investors, all the information can seem daunting. i don’t know if i can recommend it for beginning investors…

but with any real estate investment, you should not concentrate on how much the property has fallen in value but instead see if it can profitable to you. you should run the numbers and make your decision from all the information you are able to get.

back to work!

[surveyor]

i’ve been busy! mostly lurking. been doing a lot of business traveling actually. my frequent flyer miles are through the roof.

as for out of state, as 4plex as said before, it can be a huge hassle. it does provide better cash flow opportunities than san diego, but for beginning investors, all the information can seem daunting. i don’t know if i can recommend it for beginning investors…

but with any real estate investment, you should not concentrate on how much the property has fallen in value but instead see if it can profitable to you. you should run the numbers and make your decision from all the information you are able to get.

back to work!

[surveyor]

i’ve been busy! mostly lurking. been doing a lot of business traveling actually. my frequent flyer miles are through the roof.

as for out of state, as 4plex as said before, it can be a huge hassle. it does provide better cash flow opportunities than san diego, but for beginning investors, all the information can seem daunting. i don’t know if i can recommend it for beginning investors…

but with any real estate investment, you should not concentrate on how much the property has fallen in value but instead see if it can profitable to you. you should run the numbers and make your decision from all the information you are able to get.

back to work!

[surveyor]

i’ve been busy! mostly lurking. been doing a lot of business traveling actually. my frequent flyer miles are through the roof.

as for out of state, as 4plex as said before, it can be a huge hassle. it does provide better cash flow opportunities than san diego, but for beginning investors, all the information can seem daunting. i don’t know if i can recommend it for beginning investors…

but with any real estate investment, you should not concentrate on how much the property has fallen in value but instead see if it can profitable to you. you should run the numbers and make your decision from all the information you are able to get.

back to work!

[surveyor]

i’ve been busy! mostly lurking. been doing a lot of business traveling actually. my frequent flyer miles are through the roof.

as for out of state, as 4plex as said before, it can be a huge hassle. it does provide better cash flow opportunities than san diego, but for beginning investors, all the information can seem daunting. i don’t know if i can recommend it for beginning investors…

but with any real estate investment, you should not concentrate on how much the property has fallen in value but instead see if it can profitable to you. you should run the numbers and make your decision from all the information you are able to get.

back to work!

[PCinSD]

[quote=jpinpb]
Many balconys in this older complex are seeing wear and tear. The condo board decided to change the rules. Now it is part of the complex. They are contemplating assessing 10k to each owner to redo the balconies throughout the entire complex. (insanely, even the neighbor who redid theirs)
[/quote]

JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.

[PCinSD]

[quote=jpinpb]
Many balconys in this older complex are seeing wear and tear. The condo board decided to change the rules. Now it is part of the complex. They are contemplating assessing 10k to each owner to redo the balconies throughout the entire complex. (insanely, even the neighbor who redid theirs)
[/quote]

JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.

[PCinSD]

[quote=jpinpb]
Many balconys in this older complex are seeing wear and tear. The condo board decided to change the rules. Now it is part of the complex. They are contemplating assessing 10k to each owner to redo the balconies throughout the entire complex. (insanely, even the neighbor who redid theirs)
[/quote]

JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.

[PCinSD]

[quote=jpinpb]
Many balconys in this older complex are seeing wear and tear. The condo board decided to change the rules. Now it is part of the complex. They are contemplating assessing 10k to each owner to redo the balconies throughout the entire complex. (insanely, even the neighbor who redid theirs)
[/quote]

JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.

[PCinSD]

[quote=jpinpb]
Many balconys in this older complex are seeing wear and tear. The condo board decided to change the rules. Now it is part of the complex. They are contemplating assessing 10k to each owner to redo the balconies throughout the entire complex. (insanely, even the neighbor who redid theirs)
[/quote]

JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.

[jpinpb]

[quote=pabloesqobar]
JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.[/quote]

Yes, it is in Linda Vista. World is shrinking.

[jpinpb]

[quote=pabloesqobar]
JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.[/quote]

Yes, it is in Linda Vista. World is shrinking.

[jpinpb]

[quote=pabloesqobar]
JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.[/quote]

Yes, it is in Linda Vista. World is shrinking.

[jpinpb]

[quote=pabloesqobar]
JP, I have a friend in the exact same situation. Is this complex in Linda Vista? I actually tagged along and went to the HOA meeting where they proposed the assessment. Pretty interesting.[/quote]

Yes, it is in Linda Vista. World is shrinking.

[Author]

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