John
First of all thanks alot.......this gives me hope. Well I am in North Central Florida, in a little town called Gainesville. I think the best thing we have going on are the Gators!!! The town it self is not that big...it would be really country if it wasnt for University of Florida, Shands Hospital and Santa Fe Community college. As far as the market is concern its ok right now....the one thing for sure is we have alot of rich kids coming to UF and obviously their parents usually buy them places for next 4-5 years. Some end up keeping it afterwards and renting it and some sell it at the time they move. out We have like apartment complex out of wazoo here and for last 2 years they've been building them more like crazy. One of the other trends that I've noticed here is the aparatment conversions. ... tons of them have converted into condos. What really keeps that going are the professional students as Ph.d, MD, JD students. The worst part is the taxes here.....since UF/Shands/Schools/churches/other non profit organizaitons takes up like more than 50% of the land and dont have to pay taxes........they r crazy for us. k....enough of that.
My background is in Engineering and I do currently teach math so I guess that would be my speacility. While I was in my under-grad I was a part of a financial services company---Primerica financial services so I do understand a little bit of that.
I recently just bought a condo- less than a year ago- I put down very little for down payment so what i guess my first question would be is if lets say i do come across a good deal would I be able to get a mortgage on it?? Im not sure if thats something i have to worry about?
The other thought i had was to get a place and rent it to students? Any ideas on what can I do to approach that.
I think im gonna stop w/my story for now and wait for some answers. Thanks for reading all this and for the response in advance.
Afsheen
:D
