Reply to Investment property

Forum Index » Real Estate

Reply to "Investment property - best location?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Definitely an amateur. What's wrong with a condo? The benefit is that most items that can go wrong are condo assn's fault, so you dont' have to manage them.

I have both a SFH and condo rental. The condo rental is much easier.

Now as for market, if it was me, I'd pick a 2BR 2BA condo in Bethesda. Lots of new apartments going up, and the 2BA thing makes it really desirable among those who have a roommate. However, $200k won't buy much of anything in Bethesda.

Also who cares about HOA fees? It's a business expense if it's a rental property anyway. Factor it in to your costs.[/quote]

OP here.  Thanks for your thoughts and yes, I'm a bit of an amateur.  Here's my thought process around a condo.  If the HOA charges $100-$200/month, that is going to eat into my cash flow.  Given that I'm going to have a mortgage, that won't leave much for extra cash flow.  I do understand your point that a condo or TH might be easier to manage and I will take that into consideration. Generally though, any additional costs, including HOA, that I feel I can eliminate is more money in my pocket.

Question - if there are a lot of new apartments going up in Bethesda, wouldn't that drive rent prices down?  Or am I missing something? [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics