All Forum Posts by: Michael Diossa

Your first Multi with those savings and income are going to be a learning experience  (In a good way) However do not go in with a massive cashflow expectation.

Some Realtors/Sellers might sell you on unrealistic potential high rents and will be adjusted to the selling price....so do your own research.

Are you planning on living there as well?

With the right maintenance and upgrades you could sell it for a decent profit after.

Unprofessional opinion- For me personally I would not want to live in a condo. HOA have all weird rules. Doesn't even feel like you own your unit sometimes. Fee's are also expensive for nothing (using nothing loosely).

However ever if the numbers are done correct, you can buy one for a good price, live in it for a few years then sell it at a profit ish (Covers what ever extra you paid into the unit) to then migrate to a home instead of renting.

This is if you purchased at a good price.

For investment only?? You can definitely find some gems to flip and make really good profit. 

Don't sleep on condo's on flips.

 This is spot on!

This is interesting ..

Is this placement only or Management?

SEEN this before. I chuckle and move on. It's too obvious for anyone who's been in the game long enough.

I would say if you vet the tenants appropriately no dog should commit that much in damages.

 Very true!

Highly recommend checking out a rehab tour/workshop.