As of this morning, there are 289 condos with 1 or 2 bedrooms with a maximum price of $100,000.  Nine of these are less than $50,000 (I feel sure they are most likely in somewhat less than FHA approvable condition).  The lowest priced unit is a mere $34,900, described as a “great location.”  Five of them are listed at $100,000.  The average price is about $82,800. Assuming 10% down and 6.5% interest on a 30 year loan on that “average” condo, the principal and interest are roughly $471 monthly. Want to know more?  Hit the “contact me!” link in the left column.

If you are starting to think it’s a good idea to buy one of those and rent it out, you will want to look at this set of tenant rules from an experienced landlord.  Alternatively, I can set you up with a top-notch manager who works out of my office.