Posted by Shane on February 06, 2002 at 09:53:40:
First off the line between a wrong investment and a right investment isn’t always clear. What works for one investor may not work for another. There are alot of case specific details unique only to you. Are you looking to rehab condo/townhome properties or will you rent them? Be aware that some Townhome/condo homeowners associations have regulations on rental situations. Financing may or not be an issue depending on the specific property. Once again there is no blanket answer. Every specific situation will have it’s specific problems. Are you looking for conventional financing or hard money? Read my response to Bob’s regarding hard money post to get a better look at the two perspectives. I don’t know if hard money is the way for you to go or conventional financing. If you want to discuss more specifics email me and I will be happy to give you my view. Shane