Buying a condo a good option for rental?

Buying a condo a good option for rental?

Investor · Las Vegas · Member since 2021 · 5 posts · 3 votes

Hi all, I’m new here and have been doing a lot of research before buying my first rental property, and I was wondering if buying a condo would be a good option. I’m current living in Vegas and looking to buy one that’s under 200k. Most of them are 1 bed and 1 bath with decent cash on cash return. Is there any restrictions that I should know before commit to one? 

Looking forward to learn from everyone here!!

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Investor · Vancouver · Member since 2021 · 165 posts · 137 votes
4y

@Greg Scott

You would be amazed how many SFH units burn down per year, sounds kinda dangerous to own one

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  • Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    4y

    No...HOA fees are a dagger. I'll never buy a condo again. Ever.

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