If you invest in real estate long enough what you will find is that there are many differing opinions on what works and what doesn’t. If you ask ten investors if a condo is a good investment half of them will say absolutely not while the other half would be open to the idea. Like anything else in the real estate business it is always best to do your own homework and form your own opinion. While condo investing may work for one investor in one area it doesn’t necessarily mean it will work for you in your market. If you are considering purchasing a condo or townhouse here are a couple of pros and cons.
PROS Of Condo Investing
CONS Of Condo Investing
The right condo in the right complex can offer tremendous upside. However there are a number of factors that have to fall into place for the property to be successful. Never blindly dismiss a condo based on someone else’s experiences and opinions. Nine condo deals may not make sense but the tenth one could be the home run you have been waiting for.
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