Posted by mm - houston, tx on January 10, 2003 at 04:51:26:
i guess that’s possible but considering the investment amount of 7-18dimes compared to sfh costing 100grand, wouldn’t the risk be worth it, as long as there is a good return of investment?
condo question - Posted by mm - houston, tx
Posted by mm - houston, tx on January 09, 2003 at 22:55:40:
strategy : buy, hold/rent
unit type : apartment converted condo, class C building,
cheap($7,500-18,000/unit), low HOA/maint fee,
studio type - 4 bdrms.
i considermyself as a noob of the noobest cause i haven’t done any real investing yet. what could be the possible cons in this investment strategy? the way i see it, as long as the rent covers for the mortgage(if not cash), tax $ insurance, HOA, management, repairs, + a little extra $ a month, it’s a positive cashflow REinvestment. insightful comments anyone? 
Re: condo question - Posted by Brent_IL
Posted by Brent_IL on January 09, 2003 at 23:34:28:
There are a few possible cons. Here’s one. How about a tenant moving in and never making another rent payment? After a few months of you paying all payments and expenses the renter files bankruptcy. Two years later he is forced to leave.