All Forum Posts by: Jennifer Allen

Thank you so much Chris, Loren, Jeff, Dick and Mark ! I truly value all your advice. Yes, I am looking for cash flow. I did more research and understand it is not much profit buying condos in my situation with only about a $100-200 month cash flow after the HOA fees. Houses in my price range need too much work though and I dont have the money to renovate them ...but I would like something that is less maintenance. I currently own a home (for the past 5 1/2 years). My home is now worth more than I owe on it but I'm not sure I want to go there yet...@ Dick Rosen I may look into that regarding the seller carrying the note...@ Mark Gallager thanks for the enouragement...I am realizing that condos are not the best cash flow.. unless I can buy property for less than 25-30%...Thanks guys! :)

Hi. I'm from Phoenix Az and I am 34 old.  I'm tired of living paycheck to paycheck.  I know I will pay lots of money in taxes if I take out my $43,000 retirement early, but it is my only way to come up with the money to put as a down payment on real estate.  I would like to buy a condo in a very great location near Arizona State University. I am very familiar with those condos since my mother has lived there the past 5 years. They are newer and beautiful and rent out quickly. I feel confident this would be a good investment. The condo is $87,500.  I would have enough money to put down.  Also the rent would be cheap enough for me to pay if someone does not rent it that month...around $500. Does anybody have any advice to give me? Any words will be helpful to me....Jennifer