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Updated about 12 years ago on . Most recent reply

Chandra Reddy's profile image
Chandra Reddy's profile image
Chandra Reddy
  • from Rancho Cordova, California
  • Member since Feb 24, 2013
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Chandra Reddy's profile image
Chandra Reddy's profile image
Chandra Reddy
  • from Rancho Cordova, California
  • Member since Feb 24, 2013
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Chandra Reddy
  • Rancho Cordova, CA
0
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Buying & Selling Real Estate

how about this condo deal?

Chandra Reddy
  • Rancho Cordova, CA
Posted

condo
120k
Expenses: 841 = HOA+mortgage+taxes+insurance
Rent: 1100
Good location and good schools
I don't have to do day-to-day maintenance as HOA takes care of it.

Its only 250$/per month profit/cash-flow. But, I'm betting on appreciation in 2/3 years. So, looking at selling it at around 150k profit in 2/4 years time.

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