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  1. #1
    donzi82 is offline Fixer Upper
    Join Date
    Jun 2009
    Posts
    16

    Default Investment property

    Eventually I am interested in purchasing an investment property.

    I live in the DC Metro area and I would probably buy an investment property in the same area since its always packed with people.

    For those who have investment properties what type of property do you find the easiest to rent out? Condo, Town Home? single family?
    LocalCarHub.com - Online resource for used cars, trucks and suv's locally.

  2. #2
    fmike630 is offline Condominium
    Join Date
    Aug 2008
    Posts
    124

    Default Single Family Vacation

    homes near Disney World in Orlando are a good investment. The occupancy rate year round is about 75% which covers all the costs of the home.

  3. #3
    Join Date
    Feb 2009
    Posts
    37

    Default

    I would suggest to buy Land or Condo. Because in current situation price is low for Land also and low maintenance for land compare to home or other property, while you condos at good place so you can use to give on rentals on vacation or weekends.

  4. #4
    Join Date
    Jun 2009
    Posts
    1

    Default

    Quote Originally Posted by donzi82 View Post
    Eventually I am interested in purchasing an investment property.

    I live in the DC Metro area and I would probably buy an investment property in the same area since its always packed with people.

    For those who have investment properties what type of property do you find the easiest to rent out? Condo, Town Home? single family?
    Checkout the information at Parisian-property.com. I am sure you will find something you are looking for out there.

  5. #5
    GovGuy is offline Fixer Upper
    Join Date
    Jun 2009
    Posts
    33

    Default

    Apart from all the ads you are seeing here, i would suggest that you answer yourself

    Will you be able to afford it if there is no rental income?

    Will you be able to afford the regular outflow of it ( maintainence, taxes etc)

    Do you have some more money left, in case something better comes along?


    Answer there three questions, and if you can do that, you will know if the property you are buying is worth it or not.

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  6. #6
    cdloanmod's Avatar
    cdloanmod is offline Fixer Upper
    Join Date
    Jun 2009
    Location
    Newport Beach, CA
    Posts
    29
    Blog Entries
    1

    Thumbs up

    GovGuy is right in commenting that first check your budget then you can search for appropriate property. Its better to stick to your present house rather than failing to pay the mortgages.
    Last edited by cdloanmod; 12-10-2009 at 12:56 AM.
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    Loan Modification - Lower your monthly payments, interest rate & loan balance

  7. #7
    Join Date
    Jul 2009
    Posts
    13

    Default All types

    All property types will work depending on the deal and demographics in the area.

  8. #8
    shubh is offline Fixer Upper
    Join Date
    May 2009
    Posts
    29

    Default

    Single family rental properties are more in demand. Big apartments are not in demand because people are preferring low rent houses but at prominent location so that they could save on commuting.

  9. #9
    jstevenson is offline Fixer Upper
    Join Date
    May 2009
    Posts
    29

    Default

    It depends on the location, but I would saty away from condos in general.

  10. #10
    clintonbaisley is offline Fixer Upper
    Join Date
    Mar 2009
    Posts
    53
    Blog Entries
    1

    Default

    If you own a home in Miami , now is a great time to refinance or consider purchasing that home you have had your eye on. Miami condos and real estate are selling for a great price right now.Miami Beach real estate prices
    are unbelieavable right now, especially Miami condos.Real estate in Florida is priced like it is 1999 again.

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