Monthly Condo Rental
Should I buy a condo or just rent an apartment?
I’m moving to Honolulu for school and I’m going to need to find a place to live. I’ll have about $10,000 in cash when I move there and will be getting loans to pay my monthly rent. I’m hoping to get some kind of scholarship for tuition. Rentals in Honolulu for a 1 BR average about 800-1000 for something not too fancy. I’ve seen really nice condos by campus going for only $63,000. I was thinking of putting some of the money I’ll have with me as a down payment and then use loans, scholarship money to pay rent. Only thing is that the program is only 18 months and I may move to Japan afterwards. I would want to rent the place out, but don’t know how difficult that would be. Basically I’ll be spending about $20k in renting or be able to buy something for more, but own it. What should I do?
I’d say rent. If you can find condo’s for 63,000 in honolulu then the area is probably not in high demand… Which means you might not find renters. Then again I don’t really know much, just speculating.
Eastwood 2-bedroom Condo for weekly, monthly and yearly rentals
No related posts.
Relocation is the nightmare for millions of people who must relocate for many reasons. However, the eBook, “Relocation Made Easy,” can convince you that relocation need not be a nerve-shattering experience. Grab This FREE Download!