condo's or apartments as rentals..

[Account Closed]

Hi,

I was just wondering, would buying a condo or an apartment for income be a good idea? I'm aware of HOA fees. I also realize that it would mostly depend on the subdivision. The cities I'm interested in are Troy, St. Claire Shores and Lansing.

[Antoine Martel]

I'd run the numbers on both of them and see which one makes more financial sense.

In LA, if you buy a condo and rent it out, the condo fees take away all the profits. This may be the same case for you.