Finding the right condo can be stressful. I’ll use the condo rental guide and these easy tips to assist in jump-starting my search for the right condo and shifting closer to a space that’s perfect for me and my lifestyle.

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Create a Wish List of What I’m Looking For In My Right Condo

The first step in the right condo search process is establishing what I’m looking for. Think about:

• Why type of condo do I want? I should decide if I’d prefer a leasehold condo or freeholdhouse, because each has goods and bads.
• How many rooms do I require? I might select a studio space for economy, a single bedroom or two bedrooms for maybe an office or guest room.
• Yard, balcony, patio or window? It’s thoughtful to decide if any of these are on my list for the right condo.
• Large pets, small pets, no pets? Not all condo owners are pet friendly.
• Security? Some condos offer the added security of restricted entrances.
• How much rent I’m willing to pay? Make sure my rent works within my budget. Also, focus a lower rent payment so that I can save for my first right condo.
• Fees: The fee structure is one of the basic factors that I need to take into consideration.Few associations fees merely cover basic necessities whereas others extend to a wider range of amenities.

Once I’ve determined what’s important for me, the fun of searching for the right condo begins!

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Take Advantage of Online Condo Resources

There are many sites to assist me to look for condos online. I can filter my search by location, type of condos, price range, and amenities, just to name some. I can also find the square footage, utility information, and pictures of both the inside and outside of the condo. By narrowing down my search, I’ll save time and money by looking only at available listings that include my preferences. Here are some condo search sites to assist you to find your right condo space:

1.Zumper

2. Cityrealty

3.Tripping

4.Trulia

5.Rentals

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Whether you are planning on buying a freehold condo or a leasehold one, this simple guide should be enough to help you get started. Which type of right condo do you prefer?

For the potential home buyer, there are plenty of perks of buying a perfect mobile home. The cost, of course, is comparatively far lower than a standard single-family home. Plus, mobile home communities usually offer shared spaces like swimming pools, playgrounds, and clubhouses.

Should I add a perfect mobile home in my house hunt? Purchasing a mobile home is entirely different than purchasing other properties, and understanding the process will enable me to decide whether it’s feasible for me.

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What is a mobile home, exactly?

A mobile home is a kind of manufactured home. Another name is a “stick-built home.” A family or an individual can live in a perfect mobile home. One can use a mobile home as a vacation home, or as temporary accommodation.

There are typically two types of mobile homes, single wides, and double wides. The sizes of these mobile homes range from having a length of 90 feet, and a width of 18-20 feet, or more, depending on the type of mobile home of my preference.

Perfect mobile homes aren’t in one particular area of space, they are transportable. For instance, a house trailer, a trailer home, a trailer, or a residential caravan are a few examples.

What’s really attractive about mobile homes? It is that they are compact, affordable, and have high-quality dwellings, at a lower cost. It shows the potential home buyer will be saved from paying higher home costs. He will get the flexibility he needs to grow and live his life to the fullest.

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Where to Find Perfect Mobile Homes?

Thanks to the internet, purchasing a perfect mobile home without land is much undoubtedly smoother than it used to be. I will search on Craigslist, local trading papers, newspaper classifieds, local real estate channels, or on internet classifieds. Even, I can search on eBay well for local or regional perfect mobile homes.

To purchase a perfect mobile home on land you will do the same as above but you may be able to hire a real estate broker. Just make sure they are knowledgeable about factory-built housing.

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Which perfect mobile home you will look for? Single wide or double-wide?

Over the years serving as a real estate pro, bunches of buyers have asked me about purchasing a foreclosed home. The concern is that they’ve heard foreclosures are the bargain of the century.

If I am considering purchasing one, it is necessary to do my homework before making an offer on a foreclosed home and putting up my earnest money. Foreclosed homes can certainly be a great deal. They are not always a lot of a bargain as people assume they will be.

There are certainly pros and cons to buying a foreclosed home. But in the end, purchasing a foreclosed home can be very rewarding, but only in some circumstances.

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THE PROS OF FORECLOSED HOME

Let’s take a look at the foreclosed home pros to see how it can be the best housing decision for me.

• Good value – Scoring a low price is the biggest attraction for foreclosure shoppers. Especially in down markets, foreclosed homes sells for a discount.
• Strong returns – If I find a good-priced foreclosed homes and perform fixtures cost-effectively, my reward is a property worth more than I paid.
• Legitimate purchasing process– Since I purchase the foreclosed homes from the government or banks, the transaction is clean. Also, banks do have transparency and accountability regarding the condition and legal documents of the property.
• Instant transfer of titles- In foreclosures, the property titles are transferred to the lender instantly. Only if it has no pending court cases. The bank (or government) takes the ownership and the inherent liabilities as soon as the property is handed over.
• Updated taxes and utilities-If the bank takes a property,it is for sure that the bank pays real estate taxes, monthly dues, and other related expenses.

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Moreover, where do you intend to purchase a foreclosed home?

The acquisition of a foreclosed home is not a bad deal, as long I paired it with a careful study of its potential and pitfalls. Real estate is a great investment that is quite firm even in a recession, and it can surely generate latent profits.

The most common type of examples are duplexes, townhouses, and some types of condos.

If I am not looking forward to multifamily home investment. Then I will much likely lose a number of handsome opportunities. The greatest one is I won’t be able to earn my additional source of monthly income and the cons are evidently much more.

CONS OF NOT DOING MULTI-FAMILY HOME INVESTMENT

As an investor, I won’t be benefiting from a larger pool of potential advantages. I have narrowed down the list to a few following advantages from thousands of multi-family home investment:

Will Loose Bigger Cash Flow: 

A single-family property generates a single monthly income, and a multifamily property produces multiple forms of monthly income. The allure of investing in multifamily properties is easy to see. If I will not invest, I will probably lose an innovative opportunity to generate additional income from one investment. Also, I can decide to live in one unit and rent out the others for income.

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More Control Over Value: 

The greater income a property receives, the higher the value is. Multifamily properties consist of bundles of units, which means earning multiple streams of income. Therefore, multifamily investments are usually of greater value.

Larger Pool Of Tenants: 

One of the underlying advantages I will be losing of investing in multifamily properties is a lesser risk. How, did you ask? Because, unlike single-family units, where earning becomes nill when the home gets empty. Multifamily properties have different units and surely alleviate the total economic loss for me.

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Scalability: 

Multifamily investments epitomize scalability. Rather than buying a single property at a time, these smart investments evidently allow for acquiring multiple properties within one building. I won’t be able to grow my real estate investment portfolio and take my business to the next level with the option for investors to venture into the arena of mixed-use and apartment investing down the road.

Tax Benefits: 

The multifamily property offers great tax benefits for investors which I will not be availing. I can depreciate my multifamily property to offset a great deal of the rental income that they collect from my property each year.

WILL YOU STILL AVOID MULTI-FAMILY HOME INVESTMENT?

I should conceptualize multifamily real estate as a hybrid between a single-family home and a condo. The structure and the land are owned and are undoubtedly filed in one recorded deed. These investments indeed allow for the ability to generate more income than a single-family property. They are surely ideal for those looking to grow their business and offset risks when generating monthly income. So, now the decision is yours……

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