New Member Introductions

[Dionysios K.]

Hello! My name is Dion and I am a new member based out of Massachusetts. More information about me, my activities, and my goals on my profile page. Looking forward to engaging with the community!

[Dionysios K.]

Hi Mordy!

A lot of reasons but these are the first in my mind right now:

- I was looking for a property in Boston that was valued up to 500k (driven by the company's total available capital at the time). Given that properties in Boston are very expensive, this criterion already put me in the condo segment.

- Single family and multi-family properties means that the investor takes a significant (or all of the) exposure on the property in the event of damages and repairs while with a condo such costs are shared.

- Condos are typically closer to very busy areas like city centers (while single family and multi-family are further away / in suburbs) which, in the case of a buy-hold-rent strategy, means that the investor will have more traffic / demand.

- Smaller properties are usually easier to off-load (more liquid) because our society is seeing very high levels of migration (people travelling or moving for work constantly) / people less inclined to partner / have families / people more focused on work / and pied-a-terre concept.

- Condos are much easier to maintain internally than larger homes.

- Condos are easier to manage as Air B&B than larger homes.

- In the case of multi-family properties, sharing a home with two or three other families where everyone knows everyone can create issues if they don't get along as the close proximity doesn't allow for any privacy.

Happy to connect with you and speak in more detail if you are interested in Massachusetts!