Investing in Rental Property

forgop · 05-16-2012, 08:15 AM

I think 2-3 years ago, I saw one of the condos for sale that I lived in on campus about 15 years ago. It was a decent location when I was there and was pretty good sized place to live for a 3 BR apt. My thinking it would be something nice to have for my daughters to live in while they were going to college.

I looked into the current housing situation because the area is night and day difference compared to when I attended because they've changed so much. The end result was that they're currently renting it today isn't much more than what I paid 15 years ago. I figured after management expenses and to clean carpets, I'd manage to break even at best, with anything else over that being a losing proposition.

05-16-2012, 08:15 AM	#18
forgop Not a puffer Join Date: Oct 2008 First Name: Duane Location: Indianapolis, IN Posts: 2,869 Trading: (40)	Re: Investing in Rental Property I think 2-3 years ago, I saw one of the condos for sale that I lived in on campus about 15 years ago. It was a decent location when I was there and was pretty good sized place to live for a 3 BR apt. My thinking it would be something nice to have for my daughters to live in while they were going to college. I looked into the current housing situation because the area is night and day difference compared to when I attended because they've changed so much. The end result was that they're currently renting it today isn't much more than what I paid 15 years ago. I figured after management expenses and to clean carpets, I'd manage to break even at best, with anything else over that being a losing proposition.