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Tue, 27th Jun 2006, 06:45 PM
#14
RE: Re: RE: anyone looking for a condo or investment propert
the key to these condos are location and low HOA, an area such as the medical center will always be a good rental/selling area. if you're able to rent out the condo to cover at least the mortg.and HOA dues then your gaining positive equity since the renters are the ones paying the loan off for you. not only will you not be using you own money, you will also be getting the tax and interest benefits for tax purposes.
lets face it ever since the fortune magazine article came out about san antonio our property values are going to continue to rise over the next few years whether it be homes or condos. being that we live here we better all take advantage before all the out of state investors come in and inflate the real estate market.
although i agree owning a home can be a greater investment especially if your living in it, but as a renters aspect a condo has alot of positives.
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