I invest in condos.

They are no different in many respects. A good deal is a good deal and a bad deal is a bad deal. In some markets (city centers in large cities) condos are the norm and make up the bulk of the market.

Condos can have fewer maintenance issues as some parts of the structure and grounds are covered by the HOA. You need to check the HOA to see if there is a sinking fund. Condos can be fine for long distance rentals as you may have fewer things to manage.

Bottom line is the key. Cash flow including all costs plus the potential for appreciation. In some markets condos and homes perform the same in terms of appreciation while in others condos definitely are less desirable.

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John Corey

Real Estate Investor (REI) with over 20 years of experience.
Multiple states and countries; present portfolio spans 11 time zones.

Always open to answering questions. See the contact page on my blog; link below.

Pay it forward.
www.ChelseaPrivateEquity.com/blog