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  • Profile photo of Machwon320Machwon320
    Member
    @machwon320
    Join Date: 2006
    Post Count: 3

    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 father does and he’d probably be signing, and I’d co-sign for that matter. I am not planning on living in this place, just renting it out. In the mean time, I would be going to college as well. Would this work? Will I be able to stay in school and start something like this, or does it require a lot of time? And I mean after the fact that I’ve searched, bought, and am renting..

    Profile photo of Machwon320Machwon320
    Member
    @machwon320
    Join Date: 2006
    Post Count: 3

    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 and are there things I am missing with this plan? I want everyone’s imput on this. Thanks for all the responses!

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