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Andhrawala
Legend Username: Andhrawala
Post Number: 38020 Registered: 03-2008 Posted From: 173.95.190.5
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 10:35 pm: |
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Bumpu for Linku No Signature |
   
Komaranna
Side Hero Username: Komaranna
Post Number: 5639 Registered: 07-2010 Posted From: 204.94.39.143
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 02:13 pm: |
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link master anser cheyalsina question idi..he owned 8 homes in IL area and gave for rental |
   
Ustad
Megastar Username: Ustad
Post Number: 23417 Registered: 07-2008 Posted From: 76.169.161.29
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 02:13 pm: |
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Andhrawala:to make u guys Happy when I have one, I say 6 or 8
Mari intha humility manchidi kadu bhaiyya. 6 or 8 unte just 1 undi antav...I know. Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
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Andhrawala
Legend Username: Andhrawala
Post Number: 38009 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 02:05 pm: |
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Ustad:It gives me goose bumps
to make u guys Happy when I have one, I say 6 or 8 No Signature |
   
Ustad
Megastar Username: Ustad
Post Number: 23416 Registered: 07-2008 Posted From: 76.169.161.29
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 02:01 pm: |
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Vja2va:Me and Ustad brother like your "I have one" post.
It gives me goose bumps Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
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Ustad
Megastar Username: Ustad
Post Number: 23415 Registered: 07-2008 Posted From: 76.169.161.29
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 02:00 pm: |
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Vja2va:Me and Ustad brother like your "I have one" post. But ustad might be unhappy as your's is not the second post in the thread.
A'wala & Mav are DB role models. Vallu emi chesina nachutundi  Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
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Valasa
Junior Artist Username: Valasa
Post Number: 21 Registered: 08-2014 Posted From: 50.131.120.177
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 01:54 pm: |
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All utility bills, mortgage statement address, usps address tho track chestharu if you are occupying the property. Banks have very keen mechanisms to track this |
   
Andhrawala
Legend Username: Andhrawala
Post Number: 38000 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 01:42 pm: |
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Gotcha:what about property tax amma, 6k per year untundi kada.
1-2% . maa daggara around 1800 per year. Texas lo 2% ante 3K vundocchuu per year No Signature |
   
Andhrawala
Legend Username: Andhrawala
Post Number: 37999 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 01:41 pm: |
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Botsa_fan:anni properties rent ki ivvalem...you need to obey association rules..konni association rule emi you can rent only for 2 years after living in condo/single home atleast 1 year..ala vuntayi...check the association rules.
and all the houses in subdivision cnat be rented. Even when u want to move out, u cnat put it directly for rent. Put on sale for 3 months and then tehy allow for renting privided the numbe rof houses are below the threshold limit No Signature |
   
Andhrawala
Legend Username: Andhrawala
Post Number: 37997 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 01:39 pm: |
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Rudraksha:untundi, kaani bank vaadiki business run avvali kada, manam vacation home ani raaste loan ivvadaniki vaadiki emiproblem. vacation home aa kada ani yearly check chestada?? (bank vaadiki monthly payment vastunda rada anedi important kada, intilo evarunnaru ani check chese anta untada)??
check seyadu kaani definite fraud avvudhii U will enter into agreement with a realtor for marketing for rent on one side and another side to Bank u say its for Primary Home and with builder again say for investment. The Sales office guy said Hoems readily available for self-occupancy. But for investment waiting list and only available in December No Signature |
   
Gotcha
Hero Username: Gotcha
Post Number: 19939 Registered: 02-2008 Posted From: 8.19.193.14
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 01:38 pm: |
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Maverick:
what about property tax amma, 6k per year untundi kada. This Andhra real estate is for sale. |
   
Vja2va
Comedian Username: Vja2va
Post Number: 1748 Registered: 11-2014 Posted From: 158.74.35.7
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 01:20 pm: |
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Andhrawala:Bought for 155K and monthly rent 1250. Took a 15 year loan for 3.625. HOA dues 110. Property tax 160 and Insurance 50. 15 year loan EMI will be 1100 for me. So tenant vunnathavaraku piccha safe.
Andhrawala brother.. Me and Ustad brother like your "I have one" post. But ustad might be unhappy as your's is not the second post in the thread.
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Botsa_fan
Side Hero Username: Botsa_fan
Post Number: 6672 Registered: 07-2013 Posted From: 158.48.133.2
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:40 pm: |
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anni properties rent ki ivvalem...you need to obey association rules..konni association rule emi you can rent only for 2 years after living in condo/single home atleast 1 year..ala vuntayi...check the association rules. |
   
Rudraksha
Side Hero Username: Rudraksha
Post Number: 4558 Registered: 07-2012 Posted From: 32.214.184.26
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:39 pm: |
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Maverick: say if i want to rent my current home and buy a new primary residence..how will they consider that then for mortgage?
u have to stay two yrs once you got a primary home. then only you can buy another prime home, otherwise it has to be rental or vacation home (vacation home ante current home ki certain miles distance undali, probably 100+???) |
   
Rudraksha
Side Hero Username: Rudraksha
Post Number: 4557 Registered: 07-2012 Posted From: 32.214.184.26
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:37 pm: |
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Andhrawala:also closing docs lo it will be what type of home ani vuntundhii
untundi, kaani bank vaadiki business run avvali kada, manam vacation home ani raaste loan ivvadaniki vaadiki emi problem. vacation home aa kada ani yearly check chestada?? (bank vaadiki monthly payment vastunda rada anedi important kada, intilo evarunnaru ani check chese anta untada)?? |
   
Maverick
Legend Username: Maverick
Post Number: 56085 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:31 pm: |
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Andhrawala:
say if i want to rent my current home and buy a new primary residence..how will they consider that then for mortgage? Happy Vizag |
   
Andhrawala
Legend Username: Andhrawala
Post Number: 37996 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:28 pm: |
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Rudraksha: vacation home ani takkuva rate koni rent ki ivvalema???
Mortgage fraud avvudhii also closing docs lo it will be what type of home ani vuntundhii tough to bluff No Signature |
   
Rebel
Hero Username: Rebel
Post Number: 13081 Registered: 02-2008 Posted From: 151.151.109.8
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:28 pm: |
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Maverick:i asked u..i remember u saying u have a apt complex in blore and some apts in london..
id's conpuse ayinattu unnav...single apt ee ledu inka complex aa.. |
   
Andhrawala
Legend Username: Andhrawala
Post Number: 37995 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:27 pm: |
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Rajusk: ide etla telusuthundi
New home konnaaanu kabatti Sales office vaadu chebuthaadu exiting home ki HOA ni adagaalemooo No Signature |
   
Maverick
Legend Username: Maverick
Post Number: 56084 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:27 pm: |
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Rebel:a.wala ni adgalsina q nannu adigava..rent ki untunna inka rental ki iche scene ledu
i asked u..i remember u saying u have a apt complex in blore and some apts in london.. Happy Vizag |
   
Andhrawala
Legend Username: Andhrawala
Post Number: 37994 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:26 pm: |
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Rebel:keka! how did u find tenant ? by ur self or middleman like renters warehouse etc ?
through broker. 1000 fee 25% down required for investment property
Bunty717: you've to live in your property.. ee maatram vintelligence banks ki undadu anukuntunnavaa
Banks kee kaadhu. u have to bluff IRS also make rental income black money No Signature |
   
Rudraksha
Side Hero Username: Rudraksha
Post Number: 4553 Registered: 07-2012 Posted From: 32.214.184.26
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:25 pm: |
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Andhrawala:also interest rate will be higher by 50 points or 0.5% for investment property
vacation home ani takkuva rate koni rent ki ivvalema??? |
   
Rajusk
Legend Username: Rajusk
Post Number: 35909 Registered: 02-2008 Posted From: 170.74.56.82
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:24 pm: |
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Andhrawala:also in a subdivision only some said percentage of houses will be earmarked for investment aka rental homes.
ide etla telusuthundi |
   
Rebel
Hero Username: Rebel
Post Number: 13080 Registered: 02-2008 Posted From: 151.151.109.8
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:23 pm: |
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Maverick:u have lot of rental properties..whats ur take?
a.wala ni adgalsina q nannu adigava..rent ki untunna inka rental ki iche scene ledu |
   
Maverick
Legend Username: Maverick
Post Number: 56083 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:23 pm: |
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Rajusk:Rebel vunkul kooda tycoon aa
he owns rental properties in london..emanukunnaru..also many in blore Happy Vizag |
   
Andhrawala
Legend Username: Andhrawala
Post Number: 37993 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:22 pm: |
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Maverick: wife is not in my current mortgage..so can she buy as her residence and just get away with 5% down? first time buyer
will be mortgage fraud also in a subdivision only some said percentage of houses will be earmarked for investment aka rental homes. So the contract and everywhere it says for investment. also interest rate will be higher by 50 points or 0.5% for investment property No Signature |
   
Rajusk
Legend Username: Rajusk
Post Number: 35907 Registered: 02-2008 Posted From: 170.74.56.82
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:21 pm: |
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Maverick:u have lot of rental properties..whats ur take?
Rebel vunkul kooda tycoon aa DB antha tycoons tho nindipoindi gaa  |
   
Ustad
Megastar Username: Ustad
Post Number: 23413 Registered: 07-2008 Posted From: 76.169.161.29
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:21 pm: |
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Maverick:
My friend has lot of rental properties in south cal. He uses an agent to take care of everything and pay him 6% commission. Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
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Rajusk
Legend Username: Rajusk
Post Number: 35906 Registered: 02-2008 Posted From: 170.74.56.82
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:19 pm: |
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Andhrawala:Just last month I bough my TH and gave rent. Need to see how it works
India lo Bangalore,Hyderabad, Vizag ayyipoyinia(sorry if missed any towns ) ippudu NC tho start chesi ..vere states ki velthara melliga j/k Good luck !! |
   
Maverick
Legend Username: Maverick
Post Number: 56082 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:18 pm: |
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Rebel:
u have lot of rental properties..whats ur take? Happy Vizag |
   
Sanju
Junior Artist Username: Sanju
Post Number: 553 Registered: 02-2008 Posted From: 208.178.195.218
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:12 pm: |
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Maverick:
coastal areas lo ayithey flood zones check chesukondi... lot of condo properties are on the market in coastal areas because the flood zones are changing rapidly in the last few years and are being moved into higher risk zones... |
   
Bunty717
Moderator Username: Bunty717
Post Number: 42913 Registered: 02-2008
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:11 pm: |
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Andhrawala:Just last month I bough my TH and gave rent. Need to see how it works
enta down cheyaali 20 or 25%.. |
   
Bunty717
Moderator Username: Bunty717
Post Number: 42911 Registered: 02-2008
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:07 pm: |
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Maverick:wife is not in my current mortgage..so can she buy as her residence and just get away with 5% down? first time buyer
you've to live in your property.. ee maatram vintelligence banks ki undadu anukuntunnavaa..and AW cheppinattu 10% down ki investment property konaledu loan ivvaru.. |
   
Asdf
Side Hero Username: Asdf
Post Number: 3447 Registered: 12-2014 Posted From: 205.157.66.4
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:05 pm: |
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Maverick:
veelu aithe desis ke rent ki ivvandi. maa frd house ki every year 3k paina avutundi handyman ki, renters godallo brokkalu , inka kukkalu valla etc damages |
   
Rebel
Hero Username: Rebel
Post Number: 13075 Registered: 02-2008 Posted From: 151.151.109.8
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:03 pm: |
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Andhrawala: and gave rent.
keka! how did u find tenant ? by urself or middleman like renters warehouse etc ? |
   
Enigmatic
Junior Artist Username: Enigmatic
Post Number: 434 Registered: 11-2010 Posted From: 106.220.12.210
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:02 pm: |
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inta takkuvalo safe neighbourhood lo condos vacche oorlo vunnaya. just curious |
   
Maserati
Comedian Username: Maserati
Post Number: 1123 Registered: 02-2015 Posted From: 161.141.1.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 12:01 pm: |
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Maverick:wife is not in my current mortgage..so can she buy as her residence and just get away with 5% down? first time buyer
divorce theesukunte cheyochu, j/k.. you (and your wife) can only have one principal residence.. |
   
Ustad
Megastar Username: Ustad
Post Number: 23409 Registered: 07-2008 Posted From: 76.169.161.29
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:58 am: |
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Andhrawala:Just last month I bough my TH and gave rent. Need to see how it works Bought for 155K and monthly rent 1250. Took a 15 year loan for 3.625. HOA dues 110. Property tax 160 and Insurance 50. 15 year loan EMI will be 1100 for me. So tenant vunnathavaraku piccha safe.
 Strength is the product of struggle, you must do what others don't to achieve what others won't - Henry Rollins
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Maverick
Legend Username: Maverick
Post Number: 56080 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:58 am: |
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Andhrawala:25% down needed for investment property.
wife is not in my current mortgage..so can she buy as her residence and just get away with 5% down? first time buyer Happy Vizag |
   
Monk
Junior Artist Username: Monk
Post Number: 546 Registered: 10-2013 Posted From: 216.12.249.203
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:56 am: |
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Andhrawala:Bought for 155K
 Tracking vunna chota week tracking leni chota stronge………. |
   
Rudraksha
Side Hero Username: Rudraksha
Post Number: 4551 Registered: 07-2012 Posted From: 32.214.184.26
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:52 am: |
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Andhrawala:25% down needed for investment property.
current living home ki konchem dooram gaa unte "vacation home" ani buy cheyalema with 20% down? |
   
Andhrawala
Legend Username: Andhrawala
Post Number: 37991 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:43 am: |
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Maverick:rent it out? 10% down chesina, nelaki 500-600$ vastai kada as income..am i missing anything? what prevents people from makign such invesments. market lo more than 4-5 months undi property..built in 2007..condo witha single parking space
25% down needed for investment property.
Maverick:HOA 245 antunnadu..mortgage estimate 330(per zillow)..anni kalipina oka 600 minimum profit laa undi..just for having a good credit score..
Then go for it. ALso better go for new Townhomes than old. Just last month I bough my TH and gave rent. Need to see how it works Bought for 155K and monthly rent 1250. Took a 15 year loan for 3.625. HOA dues 110. Property tax 160 and Insurance 50. 15 year loan EMI will be 1100 for me. So tenant vunnathavaraku piccha safe. No Signature |
   
Linkmaster
Legend Username: Linkmaster
Post Number: 45734 Registered: 02-2008 Posted From: 149.128.8.245
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:42 am: |
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Maverick:HOA 245 antunnadu..mortgage estimate 330(per zillow)..anni kalipina oka 600 minimum profit laa undi..just for having a good credit score..
add insurance and repairs .. house usage and maintenance ( painting etc..). Rather buy a cheep condo and rent it... |
   
Maverick
Legend Username: Maverick
Post Number: 56079 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:39 am: |
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HOA 245 antunnadu..mortgage estimate 330(per zillow)..anni kalipina oka 600 minimum profit laa undi..just for having a good credit score.. Happy Vizag |
   
True_indian
Hero Username: True_indian
Post Number: 10217 Registered: 01-2008 Posted From: 143.165.48.50
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:31 am: |
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Maverick:
cons: HOA and profit on the rent renters to talanoppi, repairs are your headache if you get good renters then its very good investment .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. |
   
Durgamma
Junior Artist Username: Durgamma
Post Number: 244 Registered: 09-2014 Posted From: 194.69.198.228
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:29 am: |
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Maverick..Assuming you are OC(R,K,N,RA) from AP. Ilaga condos konodhu sami..Plan well and try to be an employer dare chese capacity neeku vuntadhi ani asisthunaa..Gujjus and Punjabis ni dhati NO1 gaa vundali thelugu vallu.. TDP for life. Leader thappu chesthe leader ni change chestham Party ni kadhu- idhe TDP abimanula sidantham |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 6997 Registered: 03-2008 Posted From: 128.103.224.124
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:26 am: |
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Maverick:
Many of our guys do that. Not bad idea if you don't want to invest in India. be patient to find the right property.. set up with handyman.. once you know the process, you continue to acquire more. If you have good friends .. join them as partners as it takes time to maintain the properties all alone. |
   
Rebel
Hero Username: Rebel
Post Number: 13073 Registered: 02-2008 Posted From: 151.151.109.8
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:24 am: |
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condo assoc fee entha ? generally it will be in $500 range per month.. |
   
Maverick
Legend Username: Maverick
Post Number: 56077 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 11, 2015 - 11:19 am: |
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Oka manchi school district(best in the area) lo condos 100K-110K range (100-1500sqft) unnai.. zillow estimate is ~1200 for rent in that area..mortgage is ~350-500. does it hurt to buy and rent it out? 10% down chesina, nelaki 500-600$ vastai kada as income..am i missing anything? what prevents people from makign such invesments. market lo more than 4-5 months undi property..built in 2007..condo witha single parking space Happy Vizag |