Real estate brag...

ggbman · #1 08-22-2007, 02:08 PM

Nothing super amazing, but i bought my first condo yesterday! It's an investment property and already has a tenant and while i am too hungover/still drunk from last night to go into specifics, it's a fantastic investment, and i just turned 20 so i feel ahead of schedule in life.

Variance: Went to look at another property as a potential flip this morning

Variance: Puked on the side of the road after checking out the property.

Jiganti · #2 08-22-2007, 02:10 PM

I'm guessing the second one wasn't really all that great.

shaundeeb · #3 08-22-2007, 02:11 PM

very nice, you still at bentley? I been meaning to work my way up there after epts for a few days.

ggbman · #4 08-22-2007, 02:15 PM

Yah still in school there, it's going pretty well. Oh i forgot, the property is Danbury CT.

golfinguy5 · #5 08-22-2007, 04:12 PM

[ QUOTE ]
Yah still in school there, it's going pretty well. Oh i forgot, the property is Danbury CT.

[/ QUOTE ]

where about in danbury. i'm from brookfield

XxGeneralxX · #6 08-22-2007, 04:18 PM

where are the pics???

somethingstupid · #7 08-22-2007, 02:27 PM

[ QUOTE ]
I'm guessing the second one wasn't really all that great.

[/ QUOTE ]

lol

fadedstar · #8 08-22-2007, 04:29 PM

[ QUOTE ]
I'm guessing the second one wasn't really all that great.

[/ QUOTE ]
[img]/images/graemlins/grin.gif[/img]

maxtower · #9 08-22-2007, 02:11 PM

where is it? Does the rent cover the mortgage?

ggbman · #10 08-22-2007, 02:14 PM

Yes, the rent covers the mortgage and gives me an addition 7%/year or so on my downpayemnt after taxes and condo fees. Factoring future appreciation, equity built in the unit, and tax benefits this is a pretty killer deal for me so i'm definitley pumped.