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Updated about 6 years ago on .

User Stats

4
Posts
2
Votes
Carmela Cirilli
  • Rental Property Investor
  • Bergen County, NJ
2
Votes |
4
Posts

buy an investment condo without a parking spot?

Carmela Cirilli
  • Rental Property Investor
  • Bergen County, NJ
Posted

a condo that I am looking to purchase (as my first investment property!) does not have parking space included. during the first year, I would be +$50 to $100 a month but after july 2020, it would be +$200 a month because an assessment would have been completed on the building. the lack of a parking spot concerns me and the risk of a longer vacancy. i have funds for at least 3 months of a vacancy to pay of the mortgage and fees. its in a great area in downtown and 2 steps away from a major bus stop that goes into NYC.

any one had a similar situation before?

thanks so much!!