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Reply to "Investment property - best location?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Condo in newer building along the Orange Line in Arlington. Note that condo fees are higher but you can deduct some of the maintenance costs from your Fed tax as well as depreciating the condo. HOA fees are lower because you are responsible for exterior elements such as roofs. For $600K you can get an okay 2 BR 2 Bath that will rent quickly for $2,500. [/quote] The mortgage on $600K loan is going to be around $3k/month or more. Plus condo fees.[/quote] OP from earlier in the thread: "OP here. I should have clarified that I am going to get a mortgage and put $200k down so I figure I should be able to afford a property of around $600k."[/quote]
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