a condos
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Posted by admin | Posted in vacation rentals | Posted on 19-10-2010
Tags: a, a condos, a condos jersey city, a condos jersey city nj, condos, home, housing, realestate
How can you invest in new condos?
I am trying to buy pre construction condos and then rent them out for a year, then sell at a higher price. Could you give me any information on the steps and the risk and rewards of this. Thank you
In Toronto
“I am trying to buy pre construction condos and then rent them out for a year…”
Well you can buy all the pre construction condos you want, however you won’t be able to rent a single one until it is built and passed local gov inspection.
Keep in mind you will have selling costs, property taxes, interest on the loans, assuming you can get multiple loans.
If you think that any condo anywhere will appreciate in 12 months and you can sell them at a profit, I think you are embarking on a huge risk, and missing some basic real estate investment principles.
You success will largely be determined by location location location.
Hundreds Of Condos Condemned
