All Forum Posts by: Sean Ahn

Hi Martin, 

I'm also an out of state investor in PA looking to buy my first multi-family in south bend/elkhart area and would love to connect with you and share some info since we're looking in the same area!

Hey Michael, as you mentioned HOA has been steadily going up every couple years so that is a factor to consider for sure. You are right on with househacking in PA as I'm looking at multifamily properties to move into as a way to offset the higher mortgage. Thanks for a great input!

Appreciate the feedback Dan! The rate jumping from 3 to 7.5 jacks up the mortgage payment too high so I've decided to just sell it.

Hey Carlos, that makes total sense. I'm leaning towards selling it as the area doesn't appreciate very much yearly and I can buy more real estate in cheaper areas with the sale proceeds. Thanks a bunch for that!

Thanks for that Ko! I'll definitely consider those options as well

Hello all, 

As a newbie in real estate, I wanted to get some of your opinion on the situation I'm in. I bought a condo in NJ for 220k around 4 years ago and have been living in it. Unfortunately my wife's job started requiring her to come into the office in PA so we plan on relocating there. We do have a decent amount of equity on the home about 150k (current estimated value is ~315k) but since the mortgage is 15 years (which I thought was smart & would save me interest over time...) if I were to charge market rent I would break even or possibly lose a little and get no cash flow. I do know there's tax benefits and tenants paying the mortgage off for you. However the HOA is very high ~$500 and it scares me to think about possible vacancy & the whole process of renting a home out. Any opinion / advice to help me make a decision would be much appreciated, thank you!