All Forum Posts by: Kevin Foyteck

hello, I am brand new to Bigger Pockets. I recently graduated college, and I work for an accounting firm doing business valuation in Palm Beach Gardens, Fl. I recently bought a condo and will soon be getting a roommate paying $650 to cover my $570 mortgage. I am currently saving for my first rental property. However, South Florida (West Palm Beach and Palm Beach Gardens area) is very expensive. Palm Beach Gardens (A highly desirable area) has single family homes starting at $250,000, and West Palm Beach is slightly lower than that. Many of the properties between $80,000 and $120,000 are condos. The single family homes in that price range are either in poor condition, or are in a bad area. Is there anyone here that has had success buying multiple condos, or should I save even more money to buy a single family? Often I find the HOA fee can heavily eat into the returns, and makes vacancies more expensive.

 Thanks

hello, I am brand new to Bigger Pockets. I recently graduated college, and I work for an accounting firm doing business valuation in Palm Beach Gardens, Fl. I recently bought a condo and will soon be getting a roommate paying $650 to cover my $570 mortgage. I am currently saving for my first rental property. I am trying to achieve a higher rate of return than the 21% I'm currently getting in a stock fund partnership with my boss.