All Forum Posts by: Arsiema Berhane

@Arsiema Berhane - where is the property located? If its in Arlington or Alexandria VA you will likely see a nice return in the future as " Arlington Home Prices Will Spike 17.2 Percent by the End of 2019." Here is an article with a bit more info,

https://www.washingtonian.com/2019/06/12/new-report-arlington-home-prices-will-spike-17-2-percent-by-the-end-of-2019/?fbclid=IwAR0jx9fAOyvGih83jI3dCYNeFFBdl0q3ZHLU3Ylk0Ln-nvUgJYveZvI14e0

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Originally posted by @Stone Jin:

Are you going to rent it to them at $1500? If so then you will cashflow a little bit depending on how much you put down. Let's say you rent it to them at your cost. You still get the depreciation and appreciation and amortization aspects of real estate. Seems like a no brainer to me.

You would have to run the numbers on opportunity cost though. Can you invest the capital and then subsidize their rent with the profit etc etc etc.

I will rent it to them for $1350. I will cover some of the expenses, so I will not be making money from them. But I just wondered if it's a good idea, since they won't move from the area and will always be renting, so why not rent from me:)

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Originally posted by @Bevla Reeves:

@Arsiema Berhane Condominiums don't usually appreciate as much as SFR and the HOA dues almost always continue to increase while property values can decrease.

Check the stats to make sure it's a good investment!

Good luck!

Amazon HQ is coming to our area (DMV) and condos are flying like anything. I thought I might be able to sell it one day when the time comes, but right now since my folks have no interest moving from the area and will always be renting, I thought why not. This is my first purchase btw. Never owned a home.

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Hello,

My parents are renting a one bedroom apartment and they pay $1500 a month. Is it a good idea to buy one and rent it out to them? $165,000 with condo fee 479. Am not expecting profit here. Your advice and suggestions are highly appreciated. Thanks.

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All Forum Posts by: Arsiema Berhane

Arsiema Berhane has started 1 posts and replied 5 times.

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