Quote:
Originally Posted by davenj08
If you plan to move out in a couple years, better not buy (unless you plan to move back here and live in the condo).
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I agree that buying a property for the short term is not a great idea. But it seems like I will be paying the same amount of money for mortgage+property tax+HOA vs. so I figured why pay others' mortgage?
Quote:
Originally Posted by davenj08
Edison and nearby towns have tens of thousands of apartments that are professionally managed. Not sure if you will have a tough time competing against them but you surely won't make money out of this 'investment' property.
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My general impression is that not many apartment complexes have townhouses, which are far more spacious and private than typical apartments.