Friday, December 16, 2011

I need investment advice!! im buying a condo and wanna know which property is a better investment?

ok so heres my dilemma. buy a cheap 36,000 condo and fix it up.or buy a 110,000 condo and just maintain it and do minor upgrades in the later years.the reason i ask this is because my dad actually takes care of the house renovations and lets just say,hes horribly and cheap. I wanna get a place thats ready to move into and is a safe investment in the long run. the cheaper condo is and older model and the more expensive one was built a few years ago with more sq ft and 2 car garage with more modern appliances. idk what to do! what do you guys think? my parents and another family are gettting it for my cousin and i as i attend uc davis and him sac state respectively and have no other option as to who will renovate the condo other than my dad and his ghetto labor people lol

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