Is a condo in downtown Salt Lake City a good investment?
Hi,
I’m a 23 year old female. I’ve been living abroad for the past few years and just got back to Utah (my home state). I’m staying with the parents temporarily while I decide what to do next. I know I want to move to downtown SLC, since most everyone my age lives there. But renting seems absolutely ridiculous. I’ve been able to find some pretty cheap condos and small homes for sale in the area. I think a condo would be nice b/c you can get a pool, clubhouse, and the HOA fees will pay for all property maintenance. Yet, I’ve read some pretty scary articles about how bad an investment a condo is…
So there a few factors to consider in my decision. I will be living in the property for at least a few years and most likely have a 30 yr. mortgage. I intend the property to be a starting home, and will hopefully trade up in a few years. I like living w/ roommates and would be renting out both while I live in the property and after the fact. At some point in time, I will want to sell the property. The condos are more centrally located downtown, whereas the homes are on the outskirts.
Any input from those who have experience in the subject would be greatly appreciated. Thank you 
a; assn fees can be a hassle.
b; roommates can be worse than assns
c; visit my article on landlords and kids
at associated content.com
no subscription or fees to read it.
I will guide you.
if you truly wish to have roommates, cover your ………ss.
June 19th, 2010 at 8:30 am
a; assn fees can be a hassle.
b; roommates can be worse than assns
c; visit my article on landlords and kids
at associated content.com
no subscription or fees to read it.
I will guide you.
if you truly wish to have roommates, cover your ………ss.
References :
RE broker
kkemper1@mindspring.com