First investment: condo vs duplex

[Xiaowei Li]

Hello BPers,

I am a newbie to investment and seeking your advice here. Right now I am considering buying my first investmemt (buy and hold) to gain some experience. There are condos/townhomes and multifamilies in my area. Multifamilies were typically built in late 1800 to early 1900 and condo/townhomes are newer. Condo/townhomes are required to pay HOA fees ranging from $200-$500.

Any suggestions from experienced investors here on property type and the criteria I should keep in mind when deciding whether to make an offer?

Thank you!

[Xiaowei Li]

@Jaron Walling thank you very much Jaron for your opinion. I am in South New Hampshire area where the market is becoming hot recently. I will take your advice and see more small multifamilies.