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I already own a coop apt and I'm considering buying a condo to rent. I have 70k to put down. Any advice?

I'm not a landlord type and won't have a lot of money for renovations.
Wed Apr 30 2008, 20:02 - Brooklyn - Home Buying - 5 answers
 
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Diane
Home Buyer
in Brooklyn
Diane, Home Buyer in Brooklyn in Brooklyn
Answers (5)
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Jeannine Dyer was FIRST TO ANSWER
I have an amazing condo in Lakewood I am looking to sell. I have recently moved out of state and am tired of worrying about it. Its located in a well-known high rise which has just undergone many renovations. Please contact me if you are interested in finding out more information. kdandrea13@yahoo.com

Sat May 17 2008, 20:44
 
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Get an INVESTMENT Real Estate Pro locally.

Thu May 1 2008, 06:58
 
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Be sure that the association rules of the condo you purchase allow you to sublet the property. Nothing worse that getting that bad news when you get the association rules.

Thu May 1 2008, 06:30
 
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Yes, this is a great time for property investment. If you have a dream let's make it happen ! Email PatriciaCunningham@fillmore.com , Cell 347-613-4412

Wed Apr 30 2008, 22:34
 
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FIRST ANSWER
Buy low and rent high.. If you have 70k to put down, you may be able to purchase one for cash which will not need much in the renovation department. I have a condo in North Royalton for 39,900 which would be a great investment for a rental no work is needed. Some condo associations have changed their regulations and are grand fathered in and some can no longer be rented. Call me I'd like to help you. 440 341-9100

Wed Apr 30 2008, 21:44
 
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