Quote:
Originally Posted by Twistys Tim
It depends on how long you would intend to have the condo for?
If you wanted to buy it and sell it quickly, then you will not make that much $$$. But if you buy it and then live in it or rent it for 10 years you will most likely make a some decent money on it -- especially as you might be buying at a low ebb of the market.
Also -- if it is two bedroom, you might be able to buy the condo and rent one room that will then pay for (some) of your college education.
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thanks for the reply. right now i plan on keeping the place as a rental for as long as i can. also while im living there ill be renting out the second bedroom. i was planning on getting a mortgage but the banks dont seem to like me lol so thats really where my plans went wrong and now im faced with either buyin this place or going to college
i guess i could take out studen loans but idk