I know most people run from Condo investments, but looking at Florida with rather high insurance rates I am wondering if they are worth a look. With the HOA's covering outside maintenance and some insurance, I would think your calculations would be much different than your typical investment.
I was wondering if anyone has a recommendation on how they calculate expenses when their HOA's might mean you have less CAP EX, etc. Thanks!
Hey Mark, I just saw your post back from April about condo investing.
I own Condos here in Cali. where SFH are high priced. Condo's have so far been a good experience for me. I'm now looking to invest out of state and after looking at single family and duplexes decided that a condo might be a good idea due to the fact that I don't have boots on the ground.
All exterior expenses such as roof, drive way, trees maintenance, landscaping, plumbing etc. are handled by the HOA. I also feel that if the unit sits vacant for a while it is more secure in a complex rather than on its own. That has been my experience and thought process.
I'm looking to connect with people that have experience especially in out of state investing and wondered what you had learned since your post back in April that you might want to share.
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