Flipper · Bonney Lake, WA · Member since 2016 · 21 posts · 3 votes
What are everyone's thoughts on condo/apartment buy & hold versus SFH buy & hold? The condo/apartment rental market seems to be pretty good and I am thinking about focusing on this area. Can anyone with experience on both give me some input? Thanks in advance!
I have a townhouse that I'm renting out. I have heard most don't like condos townhouses because the HOA are higher and eat into your profit margins. I am doing ok with mine, but I only have one property, so I a can't give a better overview.
Was asking a real estate agent today if he invested in real estate. He said he had a few condo's. I asked him why that type of investment? He said at this time he was not looking for cash flow, really just an asset he could pay off in 15 years and either have it for cash flow at that time or to sell. He said he likes them because the HOAs pay for a lot of the upkeep. I have a hard time making the numbers work on them.
@Valerie Reyna I like the fact that most services are included in the ones that I am looking at. They are in an area where young medical personnel are located and the vacancy rate is low. I agree with you, I think they would be great. I am not looking at living off of the cash flow. I am just looking to have the asset so I think they should do well for what I want. Thanks for the input.
@Mike Garland I am looking at the asset part of it and not living off of the cash flow so I think they will work fine for me. I appreciate the input on the subject. Thanks.