Going to try to buy a condo/townhome by years end #askthecoli

[beenz]

Any suggestions brehs? I don't want to live around all cacs/blacks/xicans so im moving to a more diverse part of town (thinking parts of sandy springs and Gwinnett county). I don't see how our people constantly want to move around these cacs when they view you as their next-door negative equity neighbors. fukk your neighborhood!


Anyway, probably trying to stay under 75k or so for a nice 2br with a garage attached or minimum car port. My credit rating is "good" but im waiting to hopefully get it to 700+ before buying. As a breh, what can i expect when buying my first home?

man, I wouldn't advise buying a condo. them shyts don't really increase in value. and you have to pay assessments. plus if something goes wrong, the association can just hit you with a special assessment whenever they want.

plus in condo living, there are rules, and you can't be as loud as you want. kinda like an apartment.

townhomes are cool. but u still pay assessments. if I'm paying for a house, I'd rather NOT be paying assessments. for me, I would NEVER buy a crib that doesn't have a garage of some sort. I dont like my car outside when I'm at home.

you're in georgia, so the cost of living is cheap. can't you get a 2BR house???

 

[Klyk21]

I actually had a very easy time buying my house stress free even got 15k knocked off 3 bed/2 bath with a pool in the back. The other home I got for 10k just had to redo the floors and the roof currently renting it out for $600 a month. I don't have mortgage so I couldn't even offer any advice as far as that goes. What are some of your concerns?

So you paid cash for the homes? How did you avoid a mortgage? @beaniemac im not completely opposed to a home but they seem to be more expensive for something decent in those areas

 

[Black]

So you paid cash for the homes? How did you avoid a mortgage?

yup cash I have some family with money.

 

[beenz]

@beaniemac im not completely opposed to a home but they seem to be more expensive for something decent in those areas

yeah, but if you get a house, u can do what u want. it might cost more initially, but with a house, you might be able to stay there forever if your living situation changes. I'd definitely pick a townhome over a condo.

what kinda assessments/HOA are they charging for townhomes? I ask, cuz I'm wondering what u even get in return for those HOA fees since you are still responsible for the house itself.

 

[King Sun]

75k for a condo is a steal but mind you condos don't hold their same values as a regular house. If you're looking to recoup and or sell your pad in the future I would advise against it. However it you decide to buy a house with your condo down the road you can always rent your condo out and have change in your pocket

 

[Klyk21]

yeah, but if you get a house, u can do what u want. it might cost more initially, but with a house, you might be able to stay there forever if your living situation changes. I'd definitely pick a townhome over a condo.

what kinda assessments/HOA are they charging for townhomes[/]? I ask, cuz I'm wondering what u even get in return for those HOA fees since you are still responsible for the house itself.

Have no idea. Just learning about all this stuff. will check out a book from library this week