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Old 06-29-2008, 01:55 AM   #1
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Just closed on my first condo!!

Just bought a new condo! this is the first place i've ever bought im 20 yrs old. just signed my life away this morning lol. now the hunt for a good tenant begins!
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Old 06-29-2008, 01:57 AM   #2
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You actually bought a condo now?
In Florida?
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Old 06-29-2008, 02:01 AM   #3
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yeah here in fl
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Old 06-29-2008, 02:03 AM   #4
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yeah here in fl
How did it work out for your price wise?

Really think the market had bottomed out enough yet?
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Old 06-29-2008, 02:08 AM   #5
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How did it work out for your price wise?

Really think the market had bottomed out enough yet?
i normally wouldnt go out and buy right now but everything considered in this particular situation it worked out very well price wise
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Old 06-29-2008, 02:31 AM   #6
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How much did you pay for it, and how big is it?
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Old 06-29-2008, 03:39 AM   #7
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Tenant? So the condo is a speculative investment?
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Old 06-29-2008, 06:10 AM   #8
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congrats, good time to buy
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Old 06-29-2008, 07:34 AM   #9
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congratulation! is always a nice thing to have a place of you own
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Old 06-29-2008, 07:58 AM   #10
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good luck with it
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Old 06-29-2008, 07:58 AM   #11
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Old 06-29-2008, 09:11 AM   #12
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Grats toots.
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Old 06-29-2008, 10:14 AM   #13
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... and you posted this ground breaking information because?
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Old 06-29-2008, 10:31 AM   #14
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Congrats! tell us more facts! What where how mutch? What are you going to charge as rent? Long term ownership? (like in forever?)
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Old 06-29-2008, 10:37 AM   #15
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i normally wouldnt go out and buy right now but everything considered in this particular situation it worked out very well price wise
Get rdy to lose 20% in just a couple years
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Old 06-29-2008, 10:43 AM   #16
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20 years old with a condo in Florida..

BALLLLIIINNNnnnnn
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Old 06-29-2008, 12:47 PM   #17
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had two potential tenants come and look at it today one of those cocksuckers better rent it
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Old 06-29-2008, 03:39 PM   #18
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Just bought a new condo! this is the first place i've ever bought im 20 yrs old. just signed my life away this morning lol. now the hunt for a good tenant begins!
congrats!
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Old 06-29-2008, 03:43 PM   #19
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just got it rented! 70 yr old former undercover cop moving in august 1
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Old 06-29-2008, 05:26 PM   #20
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congratulations!!!
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Old 06-29-2008, 08:06 PM   #21
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Whoa! That's a pretty big purchase. Congratulations is definitely in order
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Old 06-29-2008, 08:11 PM   #22
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congrats and best of luck.Did you look at the condo associations financials before buying?
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Old 06-29-2008, 08:12 PM   #23
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Congrats on your purchase
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Old 06-29-2008, 09:08 PM   #24
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Check out


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Old 06-29-2008, 09:12 PM   #25
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Did you buy one in PC? I live in town.. lol
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Old 06-30-2008, 07:21 AM   #26
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Very nice...The best of luck for you!
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Old 06-30-2008, 08:09 AM   #27
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nice congrats
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Old 06-30-2008, 08:11 AM   #28
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Congrats on the buy, and the rental.
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Old 06-30-2008, 08:12 AM   #29
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had two potential tenants come and look at it today one of those cocksuckers better rent it


dunno if bs or not but if true funny story undercover cop renting an apartment from a stoner kid
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Old 06-30-2008, 08:16 AM   #30
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Old 06-30-2008, 09:17 AM   #31
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Tenant? So the condo is a speculative investment?
A cash flow generating investment isn't a speculative investment. Using your logic, ALL investments are speculative, which is true.

Buying/Selling out-of-the-money WTI crude options / futures (purchasing a derivative instrument when not used as a hedge against an ongoing business) THAT'S speculation.

For real estate, entering into a short-term private option agreement to purchase property (ie highly leveraged) with the intention of 'flipping' the property into the open market upon option exercise, that would be hardcore real estate speculation.
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Old 06-30-2008, 11:04 AM   #32
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Congrats! Take care of it.
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Old 07-25-2008, 12:27 AM   #33
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The undercover cop i had lined up to rent it backed out since the DEA called him up to do seminars in Washington. but yeah that was legit lol he seemed like a cool dude he would have been a great tenant.

still on the hunt for a tenant! looking for someone old with good bladder control
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Old 07-25-2008, 12:30 AM   #34
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Did you buy one in PC? I live in town.. lol
yea...where in PC u at?
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Old 07-25-2008, 01:01 AM   #35
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congrats!
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Old 07-25-2008, 03:18 AM   #36
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Congratulations, bro!
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Old 07-25-2008, 04:25 AM   #37
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yea...where in PC u at?
By the cultural center lol
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Old 07-25-2008, 10:42 AM   #38
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By the cultural center lol
oh im more towards kings hwy
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Old 07-25-2008, 12:48 PM   #39
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oh im more towards kings hwy
Nice. I use to live in Deep Creek a year ago. Hit me up sometime
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Old 07-25-2008, 01:10 PM   #40
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Bullshit. The guy is not qualified to invest other people's money and that's what he is doing now.

US taxpayers and foreigners are currently bailing out thousands, tens of thousands of "condo investors" like him in Florida.

The money is not his, and the use is speculative.

It's the reason for the big mess in the US. "Free" money is given away to kids for "investments".
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Old 07-25-2008, 01:14 PM   #41
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Congrats...It's always nice to purchase a home...and at only 20...good job!
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Old 07-25-2008, 01:15 PM   #42
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A Western European banker would never offer big loans to kids, immigrants and the poor for speculative investments. It's nonsense.
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Old 07-25-2008, 01:16 PM   #43
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In Germany it's even hard to obtain a loan for your main residence, let alone to speculate.
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Old 07-25-2008, 01:20 PM   #44
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American bankers are going to cause another disaster like in 1929.
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Old 07-25-2008, 02:01 PM   #45
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how much hard money did you put down baller?
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Old 07-25-2008, 02:10 PM   #46
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Wait, so you're looking to rent it out and keep living with parents?
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Old 07-25-2008, 02:30 PM   #47
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bring on the pics!
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Old 07-25-2008, 02:41 PM   #48
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Old 07-25-2008, 05:33 PM   #49
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Bullshit. The guy is not qualified to invest other people's money and that's what he is doing now.

US taxpayers and foreigners are currently bailing out thousands, tens of thousands of "condo investors" like him in Florida.

The money is not his, and the use is speculative.

It's the reason for the big mess in the US. "Free" money is given away to kids for "investments".
kid? i'm 20 years old son. take a seat.

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