I'm looking for a condo in the Holland area. I came across 2 old condos (Willyn Ville and Tulip Garden) and a new one (The Rochester). Of course, there are others but I'm looking at these 3 only.
Tulip & Willyn Ville
I'm looking to buy at < $1000/= psf. Is this possible? I need them to be cash-flow positive assuming interest rates will be at 3-4% in future. I understand both projects tried to en-bloc but failed due to some reason. Please enlighten if you know the story as to why they failed the en-bloc exercise.
I'm looking for units close to $1000-$1150. Again, are there sellers out there willing to let go at this price? I'm looking at the rental equation so I need them to be cash-flow positive in future in the event interest rates rise.
Posted by Glen on Oct 17, 2010 in Condo Questions | 1073 Views