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Updated about 4 years ago on . Most recent reply

Alexis York's profile image
Alexis York's profile image
Alexis York
  • Rental Property Investor
  • from Las Vegas, NV
  • Member since Jul 18, 2020
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Alexis York's profile image
Alexis York's profile image
Alexis York
  • Rental Property Investor
  • from Las Vegas, NV
  • Member since Jul 18, 2020
Connect
Alexis York
  • Rental Property Investor
  • Las Vegas, NV
18
Votes |
38
Posts
Starting Out

Are condos a good investment?

Alexis York
  • Rental Property Investor
  • Las Vegas, NV
Posted

I reside in Las Vegas, NV. The housing market is crazy right now! Housing prices are through the roof and over valued. I planned on buying my first investment property but am a little weary. My realtor said maybe I should consider buying a condo instead of a single family home first. What are your guys thoughts? I have heard good and bad things. Just wanted to get some other opinions! Thank you in advance :)

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Stephen DeThample's profile image
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Stephen DeThample
  • Real Estate Agent
  • from Las Vegas, NV
  • Member since Oct 17, 2020
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Stephen DeThample's profile image
Stephen DeThample's profile image
Stephen DeThample
  • Real Estate Agent
  • from Las Vegas, NV
  • Member since Oct 17, 2020
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Stephen DeThample
  • Real Estate Agent
  • Las Vegas, NV
303
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Stephen DeThample
  • Real Estate Agent
  • Las Vegas, NV
Replied

@Alexis York single family houses will always be in demand, in a not so hot market, condos can become less desirable. Watch the monthly fees, run the BiggerPockets calculator to check.

Best of luck 🍀

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