Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Newbie Question Coops/Condos vs Real Property
Hi,
I'm relatively new at r/e investing, but would like to (a) learn more about the business (b) have a question in relation to real property purchases vs coops & condos. Years ago, I worked at a r/e law firm and was exposed to the difference type of properties and their respective values. While I was young and honestly didn't particularly care about r/e investing noticed that most sellers who were selling coops & some condos always recommended me not to ever purchase one. I own two :( coops. One I live in, the other I rent out. Now, I'm looking to get into multi families and continue to expand my portfolio.
My question is- - while not much leverage on a coop, are condos also not recommended as it relates to r/e investing due to the board regulations? How about leveraging air BnB? (despite the regulations).
In my mind the financial return may not be worth it and perhaps I should stick to real property from here on out.
Thoughts...?