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The Water Cooler
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Should I buy this apartment investment property?
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<blockquote data-quote="Shadowrider" data-source="post: 2907241" data-attributes="member: 3099"><p>If you are able to get financing (and I think you can easily with that down payment) it might be worth doing. As for me, I want to get the hell out of the city and I'd be sorely tempted to go buy some land with that 165, then save some more and build on it or just throw a trailer on it and rebuild my savings since you are basically rent/mortgage free. But this might be up your alley and it might be a way to facilitate expanding into more properties in a few years too. All depends on what you want to do. One thing is sure, rent ain't gonna be getting cheaper, get a good stable set of tenants and you have gravy. The trick is landing the right ones.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 2907241, member: 3099"] If you are able to get financing (and I think you can easily with that down payment) it might be worth doing. As for me, I want to get the hell out of the city and I'd be sorely tempted to go buy some land with that 165, then save some more and build on it or just throw a trailer on it and rebuild my savings since you are basically rent/mortgage free. But this might be up your alley and it might be a way to facilitate expanding into more properties in a few years too. All depends on what you want to do. One thing is sure, rent ain't gonna be getting cheaper, get a good stable set of tenants and you have gravy. The trick is landing the right ones. [/QUOTE]
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