FilipinoKid15,HowGan

My mom bought a condo worth $300,000 which will be made in 2019. She got approval from the bank to use the money from our house. She paid $15,000 for a down payment, and said by 2019 she would have paid about $60,000 by then. Then our agent says we can sell or rent it and make more money at that time is that true?...

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3 months ago 2

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  1. Pascal the Gambler

    Impossible to know what the market will be in 3 years. But yes, she can sell or rent it out. Whether that will make her any money remains to be seen.

  2. real estate guy

    maybe. However, the agent MAY be 100% wrong about renting it. Most condo boards limit the number of rentals in a building. Your mother should read the HOA docs NOW.

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