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  1. #1
    Registered User mikebadg3's Avatar
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    Condo as a rental property?

    Only downside is hoa which someone will end up paying
    || rope before cope ||
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  2. #2
    SUPERNOVA SouthDakotaBrah's Avatar
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    HOA expenses will cut into cashflow (even if the tenant pays it, it will make its way to you in the form of reduced rent to stay competitive on the market)

    And condos appreciate less than single family homes, so there's less to gain on that front

    Single family homes seem better to me as rental properties, or a small apartment building... whatever makes the numbers right
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  3. #3
    Registered User Baylorballs's Avatar
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    long term, SFH's will do better than condo's or town homes.

    I have 1 Townhome rental in Houston, cash flowing about 250 / month even with the HOA of $300 / month, which pays for water, lawn care, eterior maintenance , paint, roof, etc.

    Find a deal, if it works,, it works
    Just trying hard to not be a fat sack-o-chit.

    Real Estate Crew
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    Registered User Babyrhino97's Avatar
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    Bitcoin is a much better investment than a condo.
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    brb Acquiring gains InsanePain11's Avatar
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    The more rooms the better. I did this with really good success, best investment of my life by far.

    Rented out 3 rooms consistently for a few years in a condo (interviewed people and posted rooms on craigslist). I made it month to month for flexibility both ways. Sold the condo for way more than I bought it. Would love to do it again, just need to find a trusted partner to buy with. The HOA was no big deal because of the rent payments I was getting..actual felt less stressful for me because of less maintenance. Just have to be smart about picking tenants, some can be a pain but if you do your vetting it's well worth it.
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    Registered User AccountingMajor's Avatar
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    Condos honestly sound horrible OP.

    You may as just buy a mobile home.

    The only way you are going to get someone on board with renting a condo is if they get no benefit from renting a house or apartment outright.
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