All Forum Posts by: Sonia J.

Thanks all for your responses.

Kevin,

Really liked the way you explained.

Now if I pick up this condo giving cash offer say 50 to 55k, how would that fit in in getting good ROI?atleast 5yrs from now the rent will payoff the price of the condo and then it will just be the income, am I missing something in way I am thinking?

Hi All,

I am new into investing market. I am looking to invest in CT or NJ. I looked at some properties in CT.

For example: I looked at 2 family which has been rented for last 20 years. One tenant pays 1100 and other pays 900 and heat and water paid by landlord. Price for this 2 family is 300K. Taxes is 5600.

Another is a one bedroom condo for 69K. It is vacant and rents in that area is nearly 1000 to 1100. Association fee is 272 a month and taxes 1400/yr.

When I compare the above two the ROI for the condo looks much better compared to the 2 family. I am just concerned with the HOA since I have heard many horrible stories. I am seriously confused on what should my decision be?

thanks,

Sonia