Reply to thread

Message: [QUOTE="UConnMike04, post: 2700857, member: 1643"] I agree about going the condo route. I bought my one bedroom condo in ‘09 (Norwalk), moved in with my then fiancé (now wife) in 2015 and rented it to a little old lady (who was bat crazy, but kept it up and paid on time) for two years. Sold it in July this past year, took a hit, but the $500 profit I was banking a month off of her made up the $8K I lost on the sale price (actually ended up $4K ahead bc I banked $12k off of her bc the place was fully renovated before she moved in so very little was needed when she lived there), and then my wife and I bought our first house in Monroe in Sept, and the sale of the condo allowed me to do all of the renovations needed while we stayed in our apartment. Only part that sucked was my condo was too small for two people, so we rented after we got engaged in an Avalon (never again). That’s being said, you’ll get more bang for your buck as a first time buyer with a condo at that price range. Also it will most likely need less work, and it’ll allow you to learn how to be a homeowner with a lot of the major issues not a concern (roof, property, etc). You will learn though how to manage inside issues (electric, plumbing, etc). Then when you are older, you can upgrade to a house and either rent your place or sell it. Worked great for me, and while I love my house, I miss the convenience of my condo and the comfort of it. [/QUOTE]