Apartment Buildings vs Condo complexes ownership

1 Reply

I need some clarification on purchasing a residential apartment building (10units+), or a condo complex? Does the market offer commercial complex condos of like 10units, to where you have full control of the units? That way you can control rent, seller finance each unit. Also, both apartment buildings and Condo complexes have HOA dues, but as the owner, I know I pay HOA dues in an apartment building or the tenants pay? Also, if I own the apartment building am i paying HOA for each of my 10units I own?
Originally posted by @Arthur Voskanyan :
I need some clarification on purchasing a residential apartment building (10units+), or a condo complex? Does the market offer commercial complex condos of like 10units, to where you have full control of the units? That way you can control rent, seller finance each unit. Also, both apartment buildings and Condo complexes have HOA dues, but as the owner, I know I pay HOA dues in an apartment building or the tenants pay? Also, if I own the apartment building am i paying HOA for each of my 10units I own?

 Condos are owned by individuals, that share joint ownership of the common areas.  The hoa manages the common areas and expenses

Apartment buildings are fully owned by the owner, there is no hoa.  

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