is it a good idea having a rental property ( condo)?

[chedugudu_chidambaram]

is it a good idea having a rental property ( condo)? in usa. some friends are saying it is tough to maintain and followups with the tenants.   is that really that tough?

[chicchara]

assum u bought a condo for 200k 

you have to pay mortgage of 1200 per month. 

you rent it for $1400. you get extra 200. but there is condo fees, there is maintenance fees, there will be repairs, paint, tenants etc.

if their AC breaks down its 5000 karchu for you. you cannot expect tenants to be good and treat condo like their own.

if husband beats wife...domestic violence case lo they can break lease without telling you. this happened yes.

unless your mortgage is 1200 and your incoming rent is 2000...not worthy of attempting this

[megadheera]

No.

Yes.

[hello987]

Ikkada future ledhu bro, happy ga india lo invest chesko

[mindless]

17 minutes ago, chedugudu_chidambaram said:

is it a good idea having a rental property ( condo)? in usa. some friends are saying it is tough to maintain and followups with the tenants.   is that really that tough?

depends....

[mindless]

Condo kante.. SFH better.... at lest appreciation untadhi 

[computaboi]

2 hours ago, chicchara said:

assum u bought a condo for 200k 

you have to pay mortgage of 1200 per month. 

you rent it for $1400. you get extra 200. but there is condo fees, there is maintenance fees, there will be repairs, paint, tenants etc.

if their AC breaks down its 5000 karchu for you. you cannot expect tenants to be good and treat condo like their own.

if husband beats wife...domestic violence case lo they can break lease without telling you. this happened yes.

unless your mortgage is 1200 and your incoming rent is 2000...not worthy of attempting this

Why pay mortgage (interest + principle) 1200 on second property ?

pay only interest and your principal amount is on the property right why do you want to clear it and own the property for name sake when it doesn't really benefit you much?

you put down 25% bank mortgage 75%

Calc your ROI for your 25% after paying monthly interest 

Stuff that you could buy for 50000 INR 30 years ago  will cost you  >=500000 INR at  current market price.Let longtermism kick in, inflation will take care of house price auto. 

If you ever have need to clear loan you could always sell the property and clear it right

[vankay bomb]

I have 2 townhouse as rental properties.......it is good and bad....

[BommaliNinnodhala]

23 minutes ago, vankay bomb said:

I have 2 townhouse as rental properties.......it is good and bad....

Antey oka townhouse good.. another townhoyse bad aa baa

[BommaliNinnodhala]

3 hours ago, mindless said:

Condo kante.. SFH better.... at lest appreciation untadhi 

SFH??

[MeetFriendz]

6 minutes ago, BommaliNinnodhala said:

SFH??

Single family home  anukunta

[BommaliNinnodhala]

1 minute ago, MeetFriendz said:

Single family home  anukunta

Got it bro

[user789]

4 hours ago, vankay bomb said:

I have 2 townhouse as rental properties.......it is good and bad....

ekada br0...entha pettavu...rents ela vasthunayii..details vesk0 radhee zara..