Posted by Nick on January 16, 2000 at 12:21:50:
Wouldn’t this decision depend on what your goals are?
If you weigh the consequences of both options and compare them against what you want to accomplish, that should settle the matter. All any of us can do is speculate. You have to decide.
BUYING A CONDO - Posted by FRED M.
Posted by FRED M. on January 16, 2000 at 10:16:13:
I HAVE FOUND A CONDO IN A 55+ RETIREMENT COMMUNITY HERE IN THE PHOENIX AZ AREA. . SO I CALLED THE REAL ESTATE AGENT GOT ALL THE INFO. AND WENT TO SEE IT… HERE IS WHAT I FOUND THE CONDO IS FULLY FURNISHED INCLUDING POTS,PANS AND SILVERWEAR.BY THE WAY IT IS FREE AND CLEAR OF ANY MORTGAGE. OK…HERE IS THE QUESTION. IT IS LISTED $20.000 BELOW OTHER SIMULAR CONDOS IN THE COMMUNITY THAT ARE FOR SALE AND ARE VACANT(WITHOUT ANY FURNITURE) WOULD IT MAKE SENSE TO BUY IT AND RENT IT OUT ? KEEP IN MIND THIS IS A 55 + COMMUNITY WINTER RENTS GO FOR APPROX $1000. A MONTH OR BUY IT AND FLIP IT AT THE PRICE OF THE OTHER FOR SALE UNITS? IT SEEMS ALMOST TO GOOD TO PASS UP. ANY COMMENTS WOULD BE APPREICATED