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9 October 2020 | 4 replies
Hi,I am looking at buying a few condo units (<10) within the same Condominium complex.
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13 November 2020 | 0 replies
The last time inventory was that low was in December 2014;• Townhome/condominium sales jumped 28.3 percent, with the average price up 10.8 percent to $220,326 and the median price up 8.2 percent to $178,000;• Single-family home rentals fell 5.1 percent with the average rent up 6.2 percent to $1,907; • Townhome/condominium leases jumped 11.0 percent with the average rent up 3.5 percent to $1,595.
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2 February 2021 | 2 replies
Investment Info:
Condo buy & hold investment in San Diego.
Purchase price: $318,000
My wife and I bought this property three years ago as our primary residence, then moved out in march of this year. ...
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3 December 2020 | 4 replies
Just because you strike an agreement with the seller does not mean you are in.I personally don't like condominiums as investments for a few reasons, but they can be good with the right numbers.
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16 December 2020 | 15 replies
My partner and I are real estate investors looking to level up in the Minneapolis Saint Paul area, looking for input and suggestions about what to do; here’s our scenario:• Currently rent out a condominium in Saint Paul, • est. sale price $155k • $94k left on mortgage.• Plan to 1031 this $61k towards our next purchase.• $275k cash for downpayment set aside in addition to $61k condo proceeds for a total of $336k down.• After closing costs and finance fees etc. we end up with about $1.1M max purchase budget.• We have a multi-member LLC set up for the ventureWe find ourselves on the fence between two approaches.This market and this budget puts us at a newer (2005+) triplex in top neighborhoods.Pros of lower doors better neighborhood:• Traditional financing• Fewer maintenance calls• Higher quality longer term renters• Better long term appreciation Cons of this approach: • Higher vacancy allowances• More risk per unit• Less standardized maintenance per unit• Increased competition from newer triplexes the city is heavily encouraging to be built.• Higher property taxesThe other approach is more working class neighborhood but 5-6 units under one roof.
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21 May 2020 | 18 replies
Single-family home sales fell 19.1 percent year-over-year, with 6,199 units sold, ending nine consecutive months of positive sales;The Days on Market (DOM) figure for single-family homes was unchanged at 58 days;Total property sales dropped 21.6 percent, with 7,192 units sold;Total dollar volume dove 20.4 percent to $2.14 billion;The single-family home median price rose 2.4 percent to $251,000, reaching an April high;The single-family home average price was flat at $310,331;Single-family homes months of inventory was at a 3.6-months supply, down from 3.9 months last April but above the national inventory level of 3.4 months;Townhome/condominium sales plunged 37.5 percent, with the average price up 11.9 percent to $227,577 and the median price up 12.2 percent to $181,750;Lease properties staged a negative performance, as single-family home rentals fell 4.1 percent with the average rent down 1.7 percent to $1,765; Volume of townhome/condominium leases fell 9.5 percent with the average rent down 1.2 percent to $1,565.Source - HAR
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14 May 2020 | 0 replies
Investment Info:
Condo buy & hold investment in Lowell.
Purchase price: $85,000
2 Bedrooms apartments near downtown Lowell.
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1 June 2020 | 1 reply
I am searching for a way to find a list of delinquent taxes for a specific condominium complex in Sunrise Beach, MO Is there a company that can do this for me?
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6 April 2022 | 14 replies
Based on experience managing NYC condominiums/cooperatives and their finances, I'd guess that ~$15K/2.7% to be a better than average scenario.
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27 March 2021 | 0 replies
Should I or shouldn’t I? Invest in a leasehold condo as a rental that is? The low down: I have an opportunity to invest in 2 leasehold condos below the market and county assessed value. However, there are age requ...