Comments on: Pros and Cons of a Condominium http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html Escape the Rat Race and Join My Journey to Financial Freedom Wed, 08 Feb 2012 05:13:04 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: How I Lost Thirty Pounds in Thirty Days http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1506 How I Lost Thirty Pounds in Thirty Days Mon, 04 May 2009 14:11:38 +0000 http://www.millionaireacts.com/?p=1008#comment-1506 Hi, good post. I have been thinking about this topic,so thanks for posting. I'll certainly be coming back to your posts. Hi, good post. I have been thinking about this topic,so thanks for posting. I’ll certainly be coming back to your posts.

]]> By: Tyrone http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1199 Tyrone Tue, 14 Apr 2009 04:21:48 +0000 http://www.millionaireacts.com/?p=1008#comment-1199 Marlon, that would be dependent on factors such as the location, floor area, etc. of the condo since the realty tax is dependent on these factors. For broker's cut, it's only given to 3rd party brokers who found tenants to the condo. If you want to minimize costs, then you should directly be the one to find tenants by marketing the condo, perhaps in the internet or other means. Marlon, that would be dependent on factors such as the location, floor area, etc. of the condo since the realty tax is dependent on these factors.

For broker’s cut, it’s only given to 3rd party brokers who found tenants to the condo. If you want to minimize costs, then you should directly be the one to find tenants by marketing the condo, perhaps in the internet or other means.

]]> By: Marlon http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1198 Marlon Tue, 14 Apr 2009 03:37:16 +0000 http://www.millionaireacts.com/?p=1008#comment-1198 Renting out a condo is a good source of passive income, though I'm not sure how much you'll earn eventually. If you plan to rent out a condo for 120K a year, how much would you take home considering the deductions such as realty tax, income tax(since your renting out?), broker's cut? Renting out a condo is a good source of passive income, though I’m not sure how much you’ll earn eventually. If you plan to rent out a condo for 120K a year, how much would you take home considering the deductions such as realty tax, income tax(since your renting out?), broker’s cut?

]]> By: Tyrone http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1146 Tyrone Sun, 12 Apr 2009 07:18:29 +0000 http://www.millionaireacts.com/?p=1008#comment-1146 Sel, there are also rent-to-own apartments. It depends on the terms with the owner. I do think that some of those who do business with foreclosed properties have rent-to-own schemes with their acquired foreclosed apartments. Sel, there are also rent-to-own apartments. It depends on the terms with the owner. I do think that some of those who do business with foreclosed properties have rent-to-own schemes with their acquired foreclosed apartments.

]]> By: Sel http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1145 Sel Sun, 12 Apr 2009 07:04:57 +0000 http://www.millionaireacts.com/?p=1008#comment-1145 but it's better to get a condo unit than to just rent an apartment just like what i am doing now. at least in a condo, you're paying the condo for you to own that unit. while i am paying the apartment owner monthly without hopes of owning it. but it’s better to get a condo unit than to just rent an apartment just like what i am doing now. at least in a condo, you’re paying the condo for you to own that unit. while i am paying the apartment owner monthly without hopes of owning it.

]]> By: KushMoney http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1143 KushMoney Sat, 11 Apr 2009 22:15:46 +0000 http://www.millionaireacts.com/?p=1008#comment-1143 Being a young person, condo would be my choice because I don't need a big house and the things that go with it. If I ever get married and have kids than I would prefer a house over a condo. Being a young person, condo would be my choice because I don’t need a big house and the things that go with it. If I ever get married and have kids than I would prefer a house over a condo.

]]> By: renaye http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1138 renaye Sat, 11 Apr 2009 13:46:56 +0000 http://www.millionaireacts.com/?p=1008#comment-1138 security wise... it's advantage and disadvantage.... many break in happened despite having security guards. sometimes these guards sleep while working ... and in condo, neighbours don't know each other ... and they don't give compassion if ur unit got break in. they don't even bother to know each other.. there's no warmth. security wise… it’s advantage and disadvantage…. many break in happened despite having security guards. sometimes these guards sleep while working …

and in condo, neighbours don’t know each other … and they don’t give compassion if ur unit got break in. they don’t even bother to know each other.. there’s no warmth.

]]> By: Tyrone http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1137 Tyrone Sat, 11 Apr 2009 10:27:44 +0000 http://www.millionaireacts.com/?p=1008#comment-1137 Yes, you're right Jayl. That's the advantage if you have a lot of money to spare with. Condo is a good way to earn passive income by renting it out to tenants. Yes, you’re right Jayl. That’s the advantage if you have a lot of money to spare with. Condo is a good way to earn passive income by renting it out to tenants.

]]> By: jayl http://www.millionaireacts.com/1008/pros-and-cons-of-a-condominium.html#comment-1136 jayl Sat, 11 Apr 2009 08:30:47 +0000 http://www.millionaireacts.com/?p=1008#comment-1136 But if your just starting out and earning a good amount of money, condo is one good form of investment, is it not? if youre ready for a family, you could always transfer to a house inside a subdivision or village and earn some somes from the unit. great post. cheers, jayl But if your just starting out and earning a good amount of money, condo is one good form of investment, is it not? if youre ready for a family, you could always transfer to a house inside a subdivision or village and earn some somes from the unit.

great post.

cheers,
jayl

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