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06-27-2009, 10:40 AM #1
Fixer Upper
- Join Date
- Jun 2009
- Posts
- 16
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.
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06-28-2009, 06:54 AM #2
Condominium
- Join Date
- Aug 2008
- Posts
- 124
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.
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07-01-2009, 12:32 AM #3
Fixer Upper
- Join Date
- Feb 2009
- Posts
- 37
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.
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07-01-2009, 03:00 AM #4
Renter
- Join Date
- Jun 2009
- Posts
- 1
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07-01-2009, 06:14 AM #5
Fixer Upper
- Join Date
- Jun 2009
- Posts
- 33
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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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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07-02-2009, 12:29 PM #7
Renter
- Join Date
- Jul 2009
- Posts
- 13
All types
All property types will work depending on the deal and demographics in the area.
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07-07-2009, 04:09 AM #8
Fixer Upper
- Join Date
- May 2009
- Posts
- 29
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.
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07-07-2009, 08:46 AM #9
Fixer Upper
- Join Date
- May 2009
- Posts
- 29
It depends on the location, but I would saty away from condos in general.
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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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