All Forum Posts by: Robert Rychlik

@Ola Dantis I was trying to get a place in Beltsville, Laurel, Silver Spring, Greenbelt or even Jessup. Hardly any place had HOA less than 300. Silver Spring or Beltsville HOA started at 400 and in Beltsville it got to 600! I actually find 300 reasonable for a two bed condo. Taxes is another story.

Which areas Ola would you consider good closer to the City I wonder? Im talking good income, easy to rent. I was thinking Gaithersburg but the traffic over there is a bit of a problem. The advantage is that the vacancy rates are a bit better there. Probably because it is closer to the city. 

The problem with my investment is that I can't get the loan, at least not yet. I need another year as I gave up one property due to GFC in Arizona (very lucky). I have cash and need to do something with it and waiting seems like a bad idea. 

Thanks 

Rob

Thanks Ozzy and Russell for your feedback. I really appreciate it. 

Any other hints will be valued from others too. Please don't hesitate to post your opinions. 

One thing I experienced with the last purchase was that you had to make an offer on the day or the second day of the MLS listing or you would not get the place. I think I only got the condo because I went there during the storm where nobody else would visit -:)! Crazy!

In 1982 considered old when it come sot investing in condo? 

How good is the rental market in the Wild Area in Columbia? I checked the vacancy rate on a couple of sites and it shows last year as close to 3% which is fine. Any Property Managers out there who could say something? 

I do understand the taxes are higher, apartments more expensive but what we are after with my wife is a peace of mind with tenants. As far as i know this area should provide that - again, questions to those who invest around Columbia - is that correct? I am willing to invest a bit extra as long as I can focus on my full time job and have less to worry about the tenants. It is a long term investment we are after not quick profit. 

Rob

Hi All,

Just got my first investment in Columbia MD. Also renting a house in AZ. I'm ready to buy another condo in Columbia MD but need some help with the Property Management Company in the area. The condo I just got is rented to the family member so no need to manage anything there. 

My budget is 170K. No financing needed. I do have a real estate agent so no need for that either. 

I am interested in your opinion regarding the village we should choose to invest in Columbia MD. I was thinking something along Wild Lake area etc.  

Any input regarding Columbia MD rental market would be appreciated. 

I found tons of info on the site but any links you found useful would also be appreciated. 

Talk soon.

Robert