All Forum Posts by: Talha Ahmed

initially we were thinking of going with one of the townhomes that was being sold before all this construction was going on since it’s much more affordable but having second thoughts now on what cash flow will be with all this competition around

Originally posted by @Paul Stamm:

@Talha Ahmed

It's hard to say long term what exactly the effect will be. That being said it is good to be in up and coming areas. Maybe since this area is already getting developed look in areas close to it that haven't already been developed. You could also purchase one of these properties as they are new and should have less maintenance.

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Hi y’all, first time poster.

I live in Aurora, IL and have noticed that over the past few years there have been TONS of new Developments being built, mostly duplexes.

And by tons I mean legitimately 4-5 different projects with what look like 15-30 properties each.

with such a big number of new Developments being built, often selling for what I feel like is over market price, what do you think this means long term for real estate in the area?

my initial thoughts were that more opportunities and competition would degrade and lessen value of other properties. That being said, there must be something said about what is making all these different developers start projects here.

also, follow up question. do you guys think it’s worth buying one of these since they will likely be newer and in better shape that Whats already out there, even though it’s over priced?

Thanks!

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All Forum Posts by: Talha Ahmed

Talha Ahmed has started 1 posts and replied 2 times.

Post: Tons of New Developments in the area. Good or bad?

Post: Tons of New Developments in the area. Good or bad?