All Forum Posts by: Rany Youssef

@David Steinbok thanks for the reply, especially stemming from your own experience! Ya I heard as rentals, condo's aren't very good for cashflow, what do you think in terms of a quick turnover though. Just getting in and out?

Hey guys, basically I'm thinking of putting a downpayment on a pre-construction condo. I've done my homework, its in my target market, I know the builder is very reputable and also the area is perfect. What I'm planning to do is sell it as soon as its ready (in about 3-4 years) or assign it before it is completed. That being said I don't have the cash to workout 5% in a month and another 5% in 3 months as I'm still in school and not working full time. Any advice on financing this?

Thanks a lot for your help!

Hey guys, basically I'm thinking of putting a downpayment on a pre-construction condo. I've done my homework, its in my target market, I know the builder is very reputable and also the area is perfect. What I'm planning to do is sell it as soon as its ready (in about 3-4 years) or assign it before it is completed. That being said I don't have the cash to workout 5% in a month and another 5% in 3 months as I'm still in school and not working full time. Any advice on financing this?

Thanks a lot for your help!

@Jacob Perez thanks a lot for the info!! 

Hey everyone, I'm new to all this and was just discussing with my real estate agent and he gave me some advice and was wondering if anyone else could chip in as well! Basically, since I am a final year university student (yay student debt), I'm low on cash and I'm completely brand new to this. I took a course online (RealEstate Start School- Chad Carson) and decided the best strategy for me would be to house hack, (cover my mortgage, have somewhere to live, and less taxes if I were to sell with it being my primary residence). However, I realized I could stay with my parents longer. When I told my real estate agent that, he suggested pre-construction condo's. So I'm reading more into it but what do you guys think? What would be the best option to start out with for a cash-strapped student!?

Thanks a lot!