Are Condos a wise Investment?

[Clay Chandler]

Hi all I am just starting out in the world of investing! I was looking for some input on buying and holding in college towns. I have found some condos within walking distance to Alabama University and was wondering is it possible to cash flow with HOA fees?

Thanks you for taking your time to answer.

[David Veikune]

It's definitely possible. Try using the BP calculator to see how much it does. I would also add 5-10% Cap ex on top of it if it's an older building because if it needs repairs that expense with trickle down to the tenants.