Machwon320 replied to the topic Young Investor, Need Opinions! in the forum Help Needed! 18 years, 6 months ago
Thanks for all the replies and danielcummins is right, I am only 20 and I don’t understand how property investing quite works. My main concern is to buy a condo somewhere where property value is rising. Is this hard to do since many are out to target these places? Interest is another big concern, and I don’t have much established credit, but my…[Read more]
Machwon320 replied to the topic Young Investor, Need Opinions! in the forum Help Needed! 18 years, 6 months ago
thank you for your positive comments. I really want to put a down payment on an apartment/condo, open a mortgage and rent it out. I am just wondering if my monthly pay from tenents will cover taxes and mortgage. Eventually when I pay off the place, I can sell it for a profit. I would be looking somewhere where the market is growing. Am I off track…[Read more]