Can I Buy A Condo

My mom lost her job and i want to buy her a condo to live in instead of paying for her rent. This way the money goes to something that will gain.

If I were you I’d most certainly by that condo. LV is appreciating at a very good rate so you’ll do very well in no time. But put down the "absolute minimum" you can for that condo purchase. Even if that means buying it with 100% financing if you can get away with it. worst case senario you put down 5% of your savings and you buy it.

Like in a condo, the board collects monthly maintenance fees and uses it to maintain the property. One of the biggest differences, however, is that co-op boards have the power to decide who can live in the co-op (buy the stock). Tips on Buying or Selling a Condo or Co-op. Thinking about buying or selling a condo or co-op?

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It’s wise, therefore, to visit the resort in all seasons before buying, to get a taste of what the area is like in many different conditions. If possible, renting a property in the community and living there awhile before making a purchase is an excellent idea. con #4: Getting There Can Be a Hassle

Q: If I live in a condo and buy an electric vehicle, how do I work with my association. an owner to submit detailed plans so the board or architectural committee can determine if the proposal is.

Refinance Costs On Rental Property How to Deduct Refinance Closing Costs on Rental Properties – Although you cannot generally deduct costs associated with purchasing or refinancing your personal residence, you can normally deduct the closing and refinancing costs associated with a rental property. The difference is that your rental activities are part of a trade or business intended to generate a profit.Interest Rate Apr Meaning Interest Rate – Investopedia – Sharper Insight. Smarter. – Interest rates on consumer loans are typically quoted as Annual Percentage Rate (APR). This is the rate of return that lenders demand for borrowing their money. Example, the interest rate on.

Condo Vs. Single Family Home | Why I bought a Condo | PocketsandBows What Price Condo Can You Afford on Your Income? Before you step foot in an open house, you need to know how much condo you can afford. For example, if you make $50,000/year, you cannot afford a $300,000 condo, unless you have a secret trust fund.

Maintenance fees for this condo start at $417 a month and include exterior maintenance, heating and water, insurance, landscaping, and property management. It’s also conveniently located near Dawson.

Having the means to help grown children buy a house or apartment is a blessing and a luxury. But before you sign on the dotted line, consider whether and how best to do so.