All Forum Posts by: Angel Dejesus

I'm trying to figure out if I should flip or rent or whole sale. My mind is saying flip or whole selling. Long story short. It's a 2 1 condo that I bought as a short sale. I have an opportunity fix and flip. I want to buy the second unit wich is a 3 1. I don't want to use any of my own money. So I don't know what strategy to use

Thanks for using the monthly payment calculator on the Zillow iPhone app.

Total Monthly Payment: $500

Principal and interest: $339/mo

Taxes: $94/mo

Insurance (homeowners and mortgage): $67/mo

Assumptions

Home price: $100,000

Down payment: $30,000 (30%%)

Interest rate: 4.128%

Property taxes: $94/mo

Homeowners insurance: $67/mo

Mortgage insurance: $0/mo

Loan term: 30 Years

Hoa: $175

Rents for about $1200

haha I did it's $200

thanks bill

Thanks for using the monthly payment calculator on the Zillow iPhone app.

Total Monthly Payment: $499
Principal and interest: $339/mo
Taxes: $94/mo
Insurance (homeowners and mortgage): $67/mo


Assumptions
Home price: $100,000
Down payment: $30,000 (30%%)
Interest rate: 4.116%
Property taxes: $94/mo
Homeowners insurance: $67/mo
Mortgage insurance: $0/mo
Loan term: 30 Years

Next step: Compare mortgage rates on Zillow Mortgage Marketplace.

Download the free Zillow Mobile app!

It would rent for $1,200 a month
Sent from my iPhone

I'm trying to figure out if I should flip or rent. My mind is saying flip. Long story short. It's a 2 1 condo that I bought as a short sale. I have an opportunity fix and flip. I want to buy the second unit wich is a 3 1. I don't want to use any of my own money. So I don't know what strategy to use

Is investing in condos good or bad. Trying to turn around a neighborhood bad stigma. Also how to deal with a bad property manager from the condo association?