All Forum Posts by: Noyessie Hubert

Oh ok, I understand.

It looks like most of your problems are related to condos' HOA.

What about a single family Home?

I have some questions and need advice from someone expert. I want to get into real estate but here is my stuation.

I'm currently renting and my rent is around 1400 and I don't have too much saved up for a down payment ( < 10k ). I get to the conclusion that I'm losing this money since when I moved from there I will have nothing. No equity build-up! Nothing. So I decided to look for a condo/townhouse to buy where my mortgage payment will be around the same as my rent.

By doing that, I hope to be continuing saving for a down payment for my first investment property and with the equity, I will have build up on my condo ( the one i want to buy ), I can take an HELOC loan and add to my saving giving me more leverage for the property.

What did you think about the idea? Could someone suggest me a better plan? 

Thanks