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Updated almost 8 years ago on . Most recent reply

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Spencer Carpenter
  • Investor
  • Lancaster, PA
16
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25
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Are Condos Bad for House-Hacking

Spencer Carpenter
  • Investor
  • Lancaster, PA
Posted

Hi,

This is my first post, but I've been listening to BP for several months and my partners and I just closed on our first 5-unit!

However, this is not for our portfolio, but for myself. I want to move to a market that is currently booming, therefore, not great for me to start investing in. Some of the only spots that are even reasonably priced are condos. I know most investors stay away from condos, but if I can find one that has the potential for forced appreciation, renting a room or two, and Airbnb, then could a condo be good for house-hacking?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,705
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17,738
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Id say this is market specific.  Condos can be great in DC....and are not so great in Baltimore just a half hour away.

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