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I live in Tallahasse (the capital of Florida)and have the opportunity to purchase a condo downtown in a very desirable location. They are pre-construction prices. Here is my dilemna: There is a one bedroom that has a good view and decent price. 219K (776 sq. ft. Maintenance fee is 235.00 a month. There is a 2/2 with no view for 271K (about 1300 sq.ft), fees 400 a month. I will need to plop down approx 45K within 90 days and then close next March. I have about 100K in savings, 160K in home equity. Bring home paycheck is 500.00 a week. Good investment. 2 other high rises recently built are sold out and their return is 25% if sold today. Have 800.00 month profit from income from rentals. Any suggestions? Thanks. Val
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