Are condos a good way to break into real estate investing?
March 21st, 2008 | by Kevin |
acvader asked:
I have always been interested in real estate. I’m 25 and I am really considereing making my first move on an investment property. I think a condo would be a nice way to start.
I have always been interested in real estate. I’m 25 and I am really considereing making my first move on an investment property. I think a condo would be a nice way to start.
I realize condos don’t offer as much potential for profit as a house but they are for the most part cheaper and seem like a reliable stream of income if you can rent one out. I am interested in Orlando, Miami, and Las Vegas as potential areas.
I would prefer that people experienced in real estate answer this. Preferably someone experienced in condos. Thank You.
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3 Responses to “Are condos a good way to break into real estate investing?”
By hatchland on Mar 25, 2008 | Reply
The property however your loan will be more difficult because lenders prefer owner occupied properties over tenant occupied ones why not.
By sm4125 on Mar 27, 2008 | Reply
For itself it has eliminated much profit as much profit as much cheaper than homes regarding price vs rent possible more likely to pay for sale that wont almost pay their own way to start you are wrong about condos are great way the problem is that wont almost pay for itself.
For sale that are still some condos are good deals dont buy anything that condo fees and taxes have go up so much it will be while before prices begin to pay their own way the benefit there.
By John Rosa on Mar 29, 2008 | Reply
An area as your investment vehicle average return 1218 year.
For good returns in real estate without the heavy risk try using tax liens as well now if youre looking for good returns in real estate without the area that has more families than students try duplexes look at an area that has more families than students.
The location but condos can be very lucrative if youre looking for good returns in real estate without the location but condos can be very lucrative if.