Something to be said for letting the listing agent gamble and spend money to sell your property.

Logically, we should each pay half the mortgage ($1050/mo), utilities, etc and then split the profit after the TH is sold.

So, you can see that on a sq ft basis, units are sky high, which is the basis for the developer fees or profits.

It was a profit cow!

Kinda dicey.My friend's reasoning: I will have a greater equity gain on a house and perhaps a better income (again, renting out my current house instead of the condo).Then there's the other thought of selling the condo now and putting the equity into a cd, gambling that the market will flatten or dip, and buying low.

So like others have said - do your numbers - make sure they are accurate, and if a deal looks profitable - go for it.

Add back the tax benefits from starting up my own business and I'm showing a small profit (ROI, not including any appreciation, is around 3%).

So who's tried this, and with what results/problems/profits?

Splitting the profits down the middle.

Never been and I can't gamble yet!