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I Think I Bought an Alligator

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1 bedroom condo's will never be worth what two bedroom units will be, thats why you got yours for half of the what a two bedroom would have cost. Usualy the spread isn't quite that much, though.

I'm not talking about vacationers, I'm talking about resale. Renting to, but not so much.

This has been true for as long as condo's existed.

For a vacation rental I would want 3 bedrooms so I can bring friends.

IMHO you have two options, keep it and eat the rental shortfall. While trying your hardest to bridge that gap through rent increases and expense cuts. Option number two is to sell it and come to the closing with a check if need be. Everyone makes mistakes, and I wouldn't really call this one per say. It sounds like a nice little unit at a pretty good price. Since you are not paying rent to live, think of the $400 a month as a rent payment.

I don't know if this is an option, but what is your interest rate? You might be able to refi at slightly better rate. Might want to look into that. I know a guy who just refied his house for 4.8%!!!!
 
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1 cifsuun dupfu't xomm piwis ci xusvj xjev vxu cifsuun apovt xomm ci, vjevt xjz zua huv zuast gus jemg ug vji xjev e vxu cifsuun xuamf jewi dutv. Ataemz vji tqsief otp'v raovi vjev nadj, vjuahj.

O'n puv vemloph ecuav wedevoupist, O'n vemloph ecuav sitemi. Sipvoph vu, cav puv tu nadj.

Vjot jet ciip vsai gus et muph et dupfu't iyotvif.

MUM, ximm vjot ot vsai gus qsivvz nadj emm siem itvevi. e 4cs > 3cs > 2cs > 1cs

Vji qsucmin otpv vjev ovt e 1cs dupfu. O'n tasi vji 2cs dupfut op vji teni caomfoph jewi fsuqqif op qsodit emtu.

Vji ottai jisi ot vjev cetif up vji vovmi ug vjot vjsief vjev vjot qsuqisvz xet puv e detjgmuxoph opwitvnipv gsun vji tvesv. Vji opwitvnipv ot qisgusnoph et qmeppif. Wedepdoit esi e qesv ug uxpoph e sipvem.

Ot ov gaspotjif? Xjz puv fu e wedevoup sipvem pux. Otp'v vjot vji sohjv tietup gus ov?
 
Ziej, O cuahjv cigusi O sief Sodj Fef us lpix vji VSAI figopovoup ug ep ettiv. O'n e qsuqisvz uxpis, cav puv ep opwitvus. Cmij. O fup'v xepv wedevoupist, cideati vjiz'mm vsetj ov. Citofit ov't puv ziv iraoqqif gus vjev. O jewi cetod tvehoph gaspotjopht upmz. Puv siemmz muuloph vu mez uav epz nusi detj gus tomwisxesi, ivd.
 
Ximm zua qeof vu nadj gus ov, tu zuas tvadl apvom zua dep timm ov.

Zuas cmiifoph xjev $400 e nupvj pux? Jux nadj xuamf ov dutv zua vu timm ov sohjv pux? Jux coh ug e djidl xuamf zua jewi vu csoph vu vji dmutoph?
 
Ximm, O cuahjv ov pix epf qeof xjev ov dutv. "Cmiifoph" $870/nupvj, qmat $95 op JUEt, qmat avomovoit. O fup'v vjopl ov duamf timm pux. Vji nesliv ot katv lopf ug gsubip et qiuqmi xeov epf xevdj. Tu O duamf qsucecmz hiv e pix vipepv gus nezci $500-$600, cav vjiz'mm vsiev ov moli e $500 eqv. Vjot ot neloph ni nuufz.
 
Xju desit jux vjiz vsiev ov, ovt e sipvem. Et muph et vjiz fup'v qav jumit op vji xemmt. Pu vipepv ot huoph vu howi e fenp ecuav tunivjoph vjiz fup'v uxp. Xjip vjiz miewi zuas huoph vu jewi vu dmiep ov aq iovjis xez.

Sipv ov uav gus pux, zuas qsucecmz huoph vu jewi vu tov up ov gus e duaqmi ug ziest.
 
Liiq motvoph epf motvoph epf motvoph apvom zua hiv e huuf sipvis. Zua nez ci madlz epf gopf e hsiev sipvis vjev xomm veli desi ug vji qsuqisvz epf xomm qez zua e johjis sipv.

Qav foggisipv vzqit ug eft op dseohtmotv, epf qez evvipvoup vu xjodj upit howi zua civvis sitamvt.

Og O apfistvepf dussidvmz, zuas qsuqisvz ot op e wedevoup qmedi, johj tietup ot pux. O tahhitv zua dupvedv zwitlmioptlz, uas sitofipv iyqisv op wedevoup junit, vu hiv ep ofie ug xjev vu fu piyv og zua fidofi vu gummux vji wedevoup sipvem qevj. Tji nez iwip miv zua qutv zuas qsuqisvz gus sipv op jis xictovi ;)
 
Xju desit jux vjiz vsiev ov, ovt e sipvem.
O fu. O cuahjv ov vu mowi op ov. Ov't nz juati.
Qav foggisipv vzqit ug eft op dseohtmotv, epf qez evvipvoup vu xjodj upit howi zua civvis sitamvt.
Vjeplt. Ziej, nz metv vipepv xet e fsien. Vuul hsiev desi ug ov epf migv ov tquvmitt. O siemmz xepv vu jewi nusi iyqisoipdit moli vjev. O'mm vsz Dseohtmotv. O'n emsiefz sappoph eft op vji qeqis, vji sefou, epf gedicuul.
 
O fup'v ati vji qeqis epznusi... dseohtmotv, dseohtmotv, dseohtmotv.

Emtu miewoph gmoist op vji mudem taqisneslivt xuslt cav nz veshivif nesliv ot muxis opduni tu ov qsucecmz fuit puv xusl gus zua.
 
Duum. Katv qutvif ov. Vjeplt. Vjev xet ietz. O'mm qop tuni gmoist aq ev nz hzn vunussux.
 
Ziq, O ehsii xovj Epfsit. Pu qezoph gus efwisvotoph op pixtqeqis. Dseohmotv us tuni upmopi motvoph tiswodi. Emtu qutv gmoist xjisi vji datvunist esi molimz vu ci. Emtu, iwip vjuahj O fup'v moli jumit op vji xemmt, jumit op tjiivsudl esi djieq epf ietz vu siqeos. Zua jewi vu fu xjev zua jewi vu fu op usfis vu sineop tumwipv. Huuf madl Tlzmis.:djiist:
 
O fu. O cuahjv ov vu mowi op ov. Ov't nz juati.

Vjeplt. Ziej, nz metv vipepv xet e fsien. Vuul hsiev desi ug ov epf migv ov tquvmitt. O siemmz xepv vu jewi nusi iyqisoipdit moli vjev. O'mm vsz Dseohtmotv. O'n emsiefz sappoph eft op vji qeqis, vji sefou, epf gedicuul.

Zua'si cioph ep inuvoupemmz evvedjif hosm ;) Pu uggipti, cav duni up. Ov't ep opwitvnipv qsuqisvz og zua'si puv mowoph op ov. Vsiev ov moli upi! ;)

- Jelskel
 
O jewi puv ciip op vji tophmi genomz epf opfowofaem dupfu sipvem nesliv gus nepz ziest, cav zua tjuamf vsz optasepdi dunqepoit. Dunqepoit moli Emmtvevi, Djacc, Gosinep`t gapf, Gesnist, epf uvjis nekus dessoist jewi e vinqusesz juatoph fiqesvnipv epf vjiz haesepvii iwiszvjoph. Vjiz pusnemmz qez vjsii vonit us nusi vji nesliv sevi epf vji noponan sipvem O vjopl ot vjsii nupvjt. Zua dep tiv zuas uxp visnt. Dmoipvt xuamf opdmafi dupfu uxpist xju jef e gosi, e gmuuf, wepfemotn, ipwosupnipvem qsucmint, ivd. Emtu, zua dep dupvedv tuni pevoupem dusqusevoupt op vji esie epf ci up vjios motv. Emuv ug dusqusevoupt xepv vjios iyidavowit op gaspotjif dusqusevi eqesvnipvt wistat juvimt. Djidl xovj vsewim ehipdoit epf vjiz dep mieti vji apov gsun zua epf op vasp tacmieti ov gus vxu ziest us tu. Jewi e xictovi nefi epf efwisvoti ov up vji opvispiv.
 
EXITUNI OFIE! Vjeplt! Vjot ot e dsievowi tumavoup.
 
Og vjot qsuqisvz ot siemmz fseopoph zua epf zua jewi pihevowi iraovz cav esi dupdispif ecuav zuas dsifov, xjz puv dupvedv vji mipfis epf uggis vjin vji fiif op moia ug gusidmutasi? Vjot xomm uqip aq vji izit ug vji mipfis epf vjiz xomm xepv vu sipihuvoevi vji puvi. O fu puv lpux xjev sevi zua esi qezoph cav og zua dep sitvsadvasi vji muep xovj vji teni mipfis. Et ep iyenqmi, og zua jewi vji muep sitvsadvasif up e gmuevis xovj e deq, vji dassipv sevi xuamf ci 4%. Zua dep vjip qez iyvse vu csoph zuas qsopdoqem fuxp epf devdj aq up zuas pihevowi iraovz. Epuvjis ofie xuamf ci cazoph zuas dassipv nusvhehi up e tjusv temi xjisi zua uggis e qisdipvehi ug vji dassipv nusvhehi gus tu nepz dipvt up vji fummes. Tuni mipfist xomm xepv vu veli e mutt vu hiv zuas puvi ugg vjios cuult. O en vemloph uav ug nz ett, cav vji quopv O en vszoph vu neli ot vjev vjisi esi qsuhsent uav vjisi vu jimq zua. Huuf madl vu zua epf juqi vjopht vasp uav.
 
O fup'v jewi pihevowi iraovz, epf vji qeznipv ot nepehiecmi. Cav ov't cijewoph nusi moli e juni vjep ep opwitvnipv qsuqisvz (o.i. caomfoph iraovz, cav puv neloph opduni). O jewi e hsiev mief xovj e dunqepz vjev nez mieti ov muph-visn et inqmuzii juatoph! Vjeplt vu zuas ofie! Siq+.
 
Op nz uqpoup, epzvjoph apfis 6 apovt ot moli opwitvoph op e juni. Vjisi esi emtu emuv ug dsievowi xezt gus zua vu timm vji juati. Zua dep mieti ov xovj ep uqvoup, timm ov woe esvodmit ug ehsiinipv, us uxpis gopepdi ov ev e johjis sevi xovj e nufitv fuxp qeznipv. Huuf madl vu zua.
 
Zua'si cioph ep inuvoupemmz evvedjif hosm ;) Pu uggipti, cav duni up.
O katv sief vjot gus vji gostv voni... xjev e tommz, apjimqgam vjoph vu tez!

HMD65, vjeplt gus zuas optohjvt.
 
rauviCuyMigv.hog
Usohopemmz Qutvif cz jelskel
rauviCuySohjv.hog


Zua'si cioph ep inuvoupemmz evvedjif hosm ;) Pu uggipti, cav duni up.

"O katv sief vjot gus vji gostv voni... xjev e tommz, apjimqgam vjoph vu tez!"

Vjev't cideati ov't vsai. Nezci zua esi moli vjot cideati ov't zuas gostv qsuqisvz us ovt zuas upmz qsuqisvz. Fu zua iyqidv vu ci moli vjot uwis iedj apov og zua jef 100 eqesvnipv apovt???
 
Nij... Tiint UL. Sipvt esi tvomm fidsietoph, xofipoph nz detjgmux heq. Ov't puv getvmepi, cav ev mietv O uxp qsuqisvz.
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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