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Sounds risky. Four years is a long time. The price of the property can fall sharply, cities might decide they don't want "commercial" one-room hotels, and final
by bayesianhorse 13y ago
Sounds risky. Four years is a long time. The price of the property can fall sharply, cities might decide they don't want "commercial" one-room hotels, and finally a renter might wreck the place or sue you for something.
Yeah, I know, reputation system, rare chance, but rare chances is the kind of thing you often don't want happening to 60K investment!
- jannotti 13y agoFour years is a ridiculously quick time to recover the entire cost of an apartment, and that limits the risk a lot. For example, if this gets stopped somehow in the next year or so, he would only lose out if property prices also fell more that 25-40% in that same year or so. The chances of both happening at once seems very, very small to me.
- prawn 13y agoDoesn't sound too risky at all to me. Cheap price for the unit (would be $200k where I live) and has already made back a reasonable portion of his investment.