What's up BP ! I like littery just asked about condos and high DOM's and what not but I also wanted to know how would a person run numbers on a condo ?
You can use the BP calculator.
The main difference between a condo and a SFH is the HOA fee. As far as deals go, it depends on if you are planning on holding it or flipping it.
Some investors love condos, most investors hate them. I belong to the latter group. Owned 2 with mixed results.
Key point for me is that with a condo it is very much not in your control. That goes for anything from whether you are even allowed to rent the unit out, to what it will cost to fix the roof or perform landscaping.
@Antoine Martel thanks for the tip braddah ! mahalo
@Duc Ong How would the math go if being flipped? The same as a normal wholesale deal right?
@Christian Wathne When reading your idea...I see it like a gamble at that point, not having control? Not knowing if I can even rent the space out ? Really takes the cake lol thank you for the insight man I appreciate it
yes, flip calculation is similar to wholesale.
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