Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




Using Condo as a home base from traveling

Reply to topic
Money Talk > Personal Finance

Buy condo or not?
Buy condo
0%
 0%  [ 0 ]
do not buy condo
0%
 0%  [ 0 ]
Total Votes : 0

Author Thread
budgethacking
First Time Poster


Cash: $ 0.25

Posts: 1
Joined: 17 Jul 2017
Location: Washington
Using Condo as a home base from traveling  Reply with quote  

I plan on semi-retiring in a few years and plan to basically travel and live abroad during the winter months and live back in my current city in the summer time. I work remotely.

I have never owned a house or condo. No kids so never needed the space of a house and liked the flexibility of being able to move as I please with renting.

Condos here are around 100-125k for what I would be interested in so the payments would be pretty low.

For those who have or currently owned a condo would you recommend buying a condo and possibly renting it out during my traveling months? Or just forgo ownership and the hassle of renting and special assessments that come along with HOA? I would be resorting to finding a rental each time I come back.

thank you!
Post Mon Jul 17, 2017 1:35 am
 View user's profile Send private message
oldguy
Senior Member


Cash: $ 734.85

Posts: 3573
Joined: 21 May 2006
Location: arizona
 Reply with quote  

Owning a condo can be quite a hassle. Our relatives had one, they used it about every month for a week. On two occasions, an upstairs condo had a major leak that flooded their first floor condo. The place was covered with mold, ruined furniture, fallen dry wall - quite a mess. And trying to rent out a condo for just a few months at a time is quite a hassle - altho there are companies that you can hire to manage those properties.
Another option might be to rent an apt in your current city - and keep it year around. (Similar to making condo payments years around).
Post Mon Jul 17, 2017 2:14 am
 View user's profile Send private message

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2016