All Forum Posts by: Nelson Van
Nelson Van has started 4 posts and replied 22 times.
Post: Questions on investing into condos
- Rental Property Investor
- Virginia Beach, VA
- Posts 23
- Votes 25
Hey there you guys...
I’m looking into buying my first rental property and I’ve been running numbers in my area and have a few questions to see what you seasoned vets would think. These are strictly questions for buy and hold investments.
- Are lower margins for condos worth it due to not being responsible for the roof, siding, etc...
- Are there any decreased value on these properties due to the ongoing HOA fees even after paying off the loan?
- Are there any hesitations investing into these properties due to possible restrictions the HOA may have?
Any input would be greatly appreciated.
Thanks!
Post: Good margins for condos
- Rental Property Investor
- Virginia Beach, VA
- Posts 23
- Votes 25
Hey there you guys...
I’m looking into buying my first rental property and I’ve been running numbers in my area and have a few questions to see what you seasoned vets would think. These are strictly questions for buy and hold investments.
- Are lower margins for condos worth it due to not being responsible for the roof, siding, etc...
- Are there any decreased value on these properties due to the ongoing HOA fees even after paying off the loan?
- Are there any hesitations investing into these properties due to possible restrictions the HOA may have?
Any input would be greatly appreciated.
Thanks!