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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sat, 28 May 2005 03:03:10 -0400
/ Author of the message: "Sgt. Sausage" |
Title of the message: |
Re: Are condos and townhomes bad investments??
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Text of the message: |
"Don" <dwzimm@telus.net> wrote in message news:YZqke.11835$wr.2739@clgrps12... > "Sgt. Sausage" <nobody@nowhere.com> wrote in message > news:7cb9$42920ed8$42a1e6c9$20494@FUSE.NET... > >> You need to learn this magic phrase: "Special Assessment". They're >> certainly cheaper, until you get hit up with a special assessment >> or two. You'll need to budget for these. Set aside money each >> and every month and let it build. You will be hit with them >> sooner or later. > > I have owned several condos since 1987 in various locations, one for a > period of 15 years, and have never been hit with a special assessment. > Maybe it was just luck. Maybe true (luck), but that doesn't mean it can't happen. It happened to me at a place I own 2 units at, so I got hit twice. All I'm saying, is set some money aside from each month's rent check and budget for this. If it doesn't happen, it doesn't happen. If it does, you'll be prepared. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.