{ "media_type": "text", "post_content": "Thinking about investing into real estate but I’m super new at this and not sure where to get help. I saw a few apt/townhomes for sale in a prime location in my city. They’re around $110-$200k each and most over 1k sq ft. I’m thinking of getting one and turning it into an Airbnb. HOA and tax is a bit pricey (adding an extra $700-$1k/mo). Would this be a good investment?", "post_id": "61e6f3c3335ed4002f4cfd0b", "reply_count": 9, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

Thinking about investing into real estate but I’m super new at this and not sure where to get help. I saw a few apt/townhomes for sale in a prime location in my city. They’re around $110-$200k each and most over 1k sq ft. I’m thinking of getting one and turning it into an Airbnb. HOA and tax is a bit pricey (adding an extra $700-$1k/mo). Would this be a good investment?

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A lot of condo will prohibit short term rentals altogether or have limits on the number of rental units. Make sure you read the HOA bylaws.

likesmart

You can get a 1,000 sq/ft condo in a prime location for $200k? What city are you in? I didn’t know any urban area in America had real estate for so cheap.

likesmart

Actually I’m in the city haha, look at Texas cities! There are some pretty good deals here and there

It’ll be a my first property I’ve ever purchased. I have most of my money in the stock market in index funds but I really want to get into real estate ASAP. Im just not sure where to get good info. If there are some experts, videos, or books y’all can recommend, please do!

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I would post this in the real estate bowl too

https://joinfishbowl.com/bowl_6nr83fvs5w

Learn to underwrite real estate deals. It’s actually insanely easy. Calculate the cap rate. Generally, 4-6% is low/acceptable, 7%+ is good.

Additional Posts

But once again not posting

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How many first year analysts here started as interns? What did you guys do to get those jobs?

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Yeah you're right. It cuts after two lines instead of expanding.

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Living it up in the city.

How does this sound?

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Need some advice... Have final interviews lined up...Deloitte or PwC ...go!

Interviewing with other companies on the down low...trying to keep my expectations in check that there's no "perfect job" ...#hopeful

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Can someone give a quick list on where different industries are typically located (eg. Finance=NY, Energy=TX, etc)?

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How does one get used to economy after flying first class every week for last one year?

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Got yelled at for pouring out too much wine at the Marriott lounge. Aren't you SPG guys excited to join us??

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What were y'alls first year raises? Share competency/vertical/geo/performance if you'd like.

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When your ticket says SSSS but you don't get any additional screening 🙃

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Anyone else worried about flying all the time with all the madness in the world? How do you handle it?

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Hoping for a bit more of that life in the work/life balance this week.

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After telling my mom what I do about 10 times, she has given up trying to understand what I do for a living

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🍾🍾🍾🍾 to all those that grinded their ass off to get promoted this year. Go wile out, my fellow accenturians (is that what we call ourselves?)

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I'm not a quitter but here's the truth. We can't help companies or people who don't want help, even if they hire us.

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