/biz/ - Business & Finance

>>16836362
Pic related will cost you 1,5mil

>>16836362
>buying an apartment

>>16836362

Ton of stuff goes into a house. Definitely look into the HOA if you are buying a condo - it's not primarily a matter of price, but also of what they cover. For instance, $200/mo for common area maintenance, trash, exterior maintenance, landscaping isn't necessarily a bad deal depending on amenities.

You can also look into the history of the HOA as well to see if they raise their rates, and how often they make assessments.

As far as buying, keep in mind you can reduce your monthly cost substantially by putting up enough of a down payment to get rid of PMI, so if you're close to that threshold you might as well do it. Also, an interesting thing to note is that FHA loans (which require very little down) also have an option for a renovation loan, which may be a good deal if you have limited capital but are interested in properties that need some renovation work, either to gain equity to flip or rent, or just looking for a cheap place for yourself.

>>16836362
Yeah, check in weekly with your real estate agent, attorney and the mortgage broker. Don’t let shit slide....I got to keep my buyers deposit because they just would keep on their shit. I warned them for weeks...I even gave them an extra 35 days to get their shit together but they kept dragging their feet blaming everyone else. So I said “fuck it”, I was in full legal right to keep their deposit and they wasted 5 months of my time, and my attorney gave them multiple warnings.

>>16837050
In the end they lost 50k and I still got to sell to another party months later.

>>16836362
First tip, don’t buy an apartment.
You might think its so cool and “hip” cause you’re 22 but in less than 5 years you’ll regret it. Apartments are only good to be rented to fags who can’t afford to buy.
Also get a fixer upper, you will save a ton of money, just make sure the house isn’t falling down or made out of asbestos since you probably live in America where houses are made out of paper.

>>16836362
Buying an apartment is an investment decision, so compare all the cost of renting vs buying, and consider opportunity cost on the down payment.
IMO unless you can make it cash flow positive or if your mortgage is significantly lower than what you'd be paying for rent, it's not worth it.

>>16836362
Do you mean buying an apartment building? That's definitely worth doing if you live in the right city.

>>16836362
If you fuck a girl in pic related, she will lie about taking birth control just so she can secure the home there.

>>16836362
don t buy an apartment, it gets pretty boring after a while, just hire one, buy a house with a garden, you can have dogs a pool and stuff, much better

lol
just buy land with a trailer

>>16838101
>he didnt get the snip
>he doesnt have 100 vials of sperm in the freezer
we warned u