Us Lo Investments Kosam Apartments

[siru]

evaraina konnara?

nenu edhaina investment kosam oka apartment lantidi edhaina kondham anukuntunna.. for rental purposes.. first ela proceed avvali direct ga trulia or zillow lo vethukuthe anni townhomes or independent homes alantive dorkuthunnai and that too avi konte vaiki rent entha osthadi per month anedhi em thelavatledhu..

ikkada pedha manshulu evaraina inthakamundhe koni unte ganaka mee valuable salahalu ikkada eyyandi please.

Tourists ekkuva vache places lo kontaru apts, condos
Avi aithe daily, weekly rentals ki ichukovachu..
PCB, miami chuttu pakkala chusko

[just2deal]

Buying condo's for rental purpose is not a good idea.just check out the monthly maintenance fee that the property management charges..depending on the condo setting and location it may range from $400 to $1400 a month..your rent will barely offset the mortgage ..if your apt is not rented out quickly between the leases..then you will be in -ve cash flow

Also the you have to pay property taxes of around 3% to 5% of the assessed property value ,every year...

[AFDB_Director]

desi students ekkuva unde places or desi guys ekkuva unde places lo try cheyyachu. 

 

Investment wise it is good, But you cannot take rent directly as you are on H1. property maint hire cheskoni vallaki 10-15% of the rent ivvali, they will collect rent and will deposit in your bank (this is what I am aware of, i am trying to buy a condo solely for investment purpose,so researching more on this) 

 

20% is not mandatory, but if you donot put 20% down, you have to pay PMI (Premium for mortage Insurance) additionally monthly. This will be $200-$300 depending on the loan amount (say $200k - $300K). 

 

your expenses would be mortgage + PMI (if you dont put 20%) + taxes + property maint fee + repair. All these should be covered by rent. Dont think you will get $1000 cash flow monthly. you might get $100-$200 and you have to keep them aside if the condo is not rented 

[VenkatD]

Ltt