Started By
Message

re: Point me in the right direction to start the loan seeking process on a condo

Posted on 2/6/13 at 9:17 pm to
Posted by AbsolutTiger
New Orleans
Member since Sep 2006
4796 posts
Posted on 2/6/13 at 9:17 pm to
It's appropriate in some circumstances. It's frowned upon on here sometimes, but in considering one in New Orleans as a second place. I don't want much maintenance when I'm just there for the weekends.
Posted by bryso
Member since Dec 2006
27130 posts
Posted on 2/6/13 at 10:53 pm to
quote:

It's appropriate in some circumstances. It's frowned upon on here sometimes, but in considering one in New Orleans as a second place. I don't want much maintenance when I'm just there for the weekends.


It's call I hotel. Lets say u spend 150 a night, 300 a weekend. That's 1,200 a month.

What your note on a condo gonna be. Lets say u bought one for 100k at 3.5% at a 15 year AM.

That's what 700ish a month note. Ad the insurance and taxes and u can call it 900 a month.

Then you gotta buy shite to put in the condo. We will be cheap say 3000 upfront.. Tv couch beds towels vacuum mop... Prob more like 5k

The you gotta bat the utilities prob not a lot since u won't be there but let's say 50 a month

Then you will likely have an HOA dues prob $125 a month so someone will cut the grass pickup the trash yada yada.

So then the AC needs a repair. There's 500 bucks during the summer.

So add all that up and figure out what it costs per month.

Then realize u can pay about the same and have some women named Lopez clean up after you
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram