is a condo a bad investment?

[slow99]

$30k house it is!!!

[talisman]

$30k house it is!!!

lmao! No shit. I paid 34k for my condo. Having a $300 a month mortgage payment was pretty fucking awesome fresh out of my parents house. If you don't like yard work, don't want a ton of space to take care of, and like living simply, a condo is great. Hell, if I could buy the apartment I live in now I probably would. Only thing I didn't like about my condo was the lack of a garage, but you can easily fork out a little more cash and get one that has that.

[Pro88LX]

CF0 = X
CF1 ... CFn =X
CFterm = X
I/Y = X
CPT NPV

^^^^^this

[Chas_svo]

Only thing that sucks about a condo is that HOA eating away at your income every month. If you do your due diligence and the numbers work, and it's in a good area, give it a shot. If you don't plan on managing it yourself expect 10% of rent to disapear.

I believe that number is 15%, and if you do it legally another 15ish% on income tax.

No free ride.

[03mustangdude]

Rent to own if I ever sell that's a good idea but some guy has been trying to do that with his condo on craigslist for past 6 months. His condo is 550k though lol