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Updated over 8 years ago,

Account Closed
  • Investor
  • East Granby, CT
8
Votes |
41
Posts

Best property for rental

Account Closed
  • Investor
  • East Granby, CT
Posted

I'm in East Granby, CT and looking to buy my second rental property.  I currently have a condo that I am renting out but it wasn't originally purchased with investing in mind.  I've heard and read quite a bit about people's bad experiences with condos and high special assessments, but haven't had any bad experiences with that at the current complex.  On top of that I did insure myself against special assessments.  Anyway, I was originally thinking about getting another condo, but now am scared after all the horror stories.  Should I get a single family house instead? Condos are so much cheaper and really easy to rent out.  I am considering a duplex as well but those seem to be harder to find in this area.  Any thoughts and suggestions would be appreciated.

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