All Forum Posts by: Nick Doria

Is there going to be a replay of this for pro members. I won't be able to make it to this one today but would love to be able to see what you will be going over tonight. Thanks for all the hard work you guys do with keeping this website as good as it is.

Won't be able to make this one this month. Always a great meet up and looking forward to the next one.

This is great I didn't even know there was a Video side to iTunes for a podcast. Love how guys keep brining more to the experience of Biggerpockets.

@Foley Ma As i'm sure your Realtor will let you know the Zestimate is more than likely way off of what you current market value really is. The problem with the zestimate is that it takes in account the history of sales form a very large time period so usually the numbers are quite a bit off. The Value of your home is really just what you and a seller will be willing to agree to but, it helps to see what recent home sales have been to give you an ideal of what the market is telling people their homes are worth. 

@Jamila Williams I had just met up with @Derek Martinthis week and was impressed with his knowledge. It was also cool to know the area that he is currently investing in is very close to where i grew up so that was interesting to find out. 

@Mindy JensenAlso like to add that being able to see who voted by clicking on the votes is a really cool feature you guys added in as well. Im sure there  are other things that I will find that I think was a great add once I use the laptop version more it's been a pretty busy week so I haven't had a lot of time to really play around with the new update to learn all of the new features yet. 

@Mindy Jensen fixing the font i think was the biggest thing for me and you guys have done that so thank you for all of the hard work. there is one other things that i am sure others have already said on here but i really miss the fact that we can't see who started the topic anymore since they are people I like to follow their topics it has really made it more time consuming to find their posts. With as many people that are on here this helped me sort through a lot of the posts and focus on learning from the people that are known on here for certain things that i'm focused on. 

I really like how the comment bar moves with you when you type a reply really helps me type up a post quicker since the bar moves up i can read the comment and type my reply at the same time great ideal. 

@Mindy Jensenthat's great to hear looking forward to watching this when its finished

@Jerome Harrod II

here are some key things that you will want to know or at least your agent to know when investing in condo for what I have gathered since i'm currently working with two people that are looking for condos. 

Does the HOA(Homeowners Association) even allow you to rent. some places also have a time frame that you have to live there before you could rent them out. Are there any special assessments that will be coming up in the future this could cause a major setback and a big hole in your pocket if one was to come up. Does the HOA have any reserves to cover the maintenance and repairs of the common areas when they come up. What are the monthly dues that they are asking for.

For these reasons I don't believe that a condo is a good investment since one of the major advantages of investing in real estate is to be able to have more control of your investment. Condos to me is more or so just like buying a stock to many rules and if somebody messes up you will end up paying for it. 

Condos are great for a low barrier to homeownership especially in the area here in chicago where prices are high.

Maybe look into say a C area neighborhood to possibly find a 3-4 multifamily building and use the 30-40k for a down payment with a conventional loan or use a FHA loan and do a 3.5% down payment and use the rest of the money for future building repairs.

@Scott TrenchI would also like to know if there is a link that we could watch since i missed it as well.