
09-28-2005, 07:46 AM
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New comer question Hey all,
I am new to this site. I'm in the beginning stages of real estate investing, purchasing property to gain monthly income. I've been reading books about investing but it always help to receive advice from those who are currently doing it. I am looking to purchase a condominium unit as soon as possible, and right now I have an idea about how much my monthly mortgage would be and how much profit I would be making monthly as well. However, I'm not certain about what other hidden or surprise financial situations could arrise as I purchase and rent out my property. Can anyone give me some insight? I also know that I am leaving the country to work for a couple of years and plan on having a management firm handle my property while I'm gone. Does anyone also have experience with these firms as well? What things could arise in dealing with them that I can prepare for? What has been your experience if you've utilized one? What advice in general do you have for a novice?
Thanks a bunch |
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