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Message

re: Condo as an investment property?

Posted on 5/24/09 at 12:52 pm to djmicrobe

Posted by Eurocat

Member since Apr 2004

16859 posts

Posted on 5/24/09 at 12:52 pm to djmicrobe

LINK

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Posted by Powerman

Member since Jan 2004

172179 posts

Posted on 5/24/09 at 11:08 pm to JmanfromTigerland

quote:
The $8k can not be used to purchase rental property..

What it's my residence also though?

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Posted by donRANDOMnumbers

Hub City

Member since Nov 2006

17414 posts

Posted on 5/25/09 at 12:34 pm to djmicrobe

personally if you can afford it, i think that its a good opportunity right now...

just make sure your getting a good deal, don't overpay for it.

i just bought a 2 bed 1.5 bath townhouse in lafayette for $72/sq ft from a guy who needed to sell bad. its valued for $98/ sq ft. im not trying to toot my own horn, but if the deals right i would buy

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Posted by TortiousTiger

Baton Rouge

Member since Jan 2007

12668 posts

Posted on 5/25/09 at 12:53 pm to donRANDOMnumbers

quote:
its valued for $98/ sq ft

I dont think you understand valuations...

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Posted by LSURussian

Member since Feb 2005

134289 posts

Posted on 5/26/09 at 8:01 am to Powerman

quote:
What it's my residence also though?

I'm thinking there's a missing word somewhere in that sentence....

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Posted by jmtigers

1826.71 miles from USC

Member since Sep 2003

4990 posts

Posted on 5/26/09 at 4:16 pm to LSURussian

quote:
And they will most likely extend the $8k into next year.

There would have to be new legislation for this to happen and there is no signs of this happening at this point

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Posted by kfizzle85

Member since Dec 2005

22022 posts

Posted on 5/26/09 at 4:29 pm to jmtigers

I'll take that bet in a heartbeat.

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Posted by Thomas the Tiger

Member since Jan 2009

1311 posts

Posted on 5/27/09 at 6:11 am to kfizzle85

(no message)

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Posted by Tiger Bend Tiger

Monterey, Louisiana

Member since Feb 2007

723 posts

Posted on 5/27/09 at 7:00 am to Powerman

What a coincidence, I just happen to have one on the market!! A flat, not a townhouse, lots of room, colors may need to change, but I bought it for daughter to use while going to LSU.

LSU Condo