All Forum Posts by: Jules Aton

I'm always looking for the exit plan even if I think I want to keep a property long term. It would have to be an incredible deal for me to even consider a condo that is ineligible for conventional financing. 

Always location for either flip or rent. A solid location tends to ensure quality tenants, low vacancy, appreciation and ease of re-sale. 

Hi and welcome! I've had more than a few in Federal Hill, Locust Point. 

While I can’t speak to a deleted comment I agree 100% with the overwhelming majority’s advice for OP to be mindful of the glaring red flags. In my experience there are increased opportunities for those in US society who are young and considered attractive so hopefully it works out for her. Regardless I would encourage you not to let a pm get you so jazzed that you leave. 

I suspect I'm in the minority here but I'm not a fan of taking money out of retirement funds. 

Although I don't have an answer about that market it is a great question. Nice to see thoughtful strategizing before buying in a market with no first hand experience. 

Hi and welcome! 

One of the things I consider when deciding if I want to sell or rent out my primary home is the implications of the homeowner capital gains tax exemption. Also at this point in my advanced life the homes I live in are no longer purchased as an investment but a consumable so generally don't make the best rental property which further supports selling. 

If it is the company's policy I'd find other ways to decide. If a landlord is declining to provide a reference without it being a company policy I would take that as a red flag. This is how I have proceeded in the rare case of a former tenant with the lack of insight to request a reference from me after they left my place trashed. 

I’m not a fan of doing business with family or friends but my biggest concerns in this situation would be buying through lens of a home for mom not an investment property and what if she gets there and hates it? Despite owning one I think condos aren’t often the best investment due to the fees and unlimited identical  inventory.