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Updated over 4 years ago on . Most recent reply

Jack Morey's profile image
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Jack Morey
  • Member since Aug 19, 2020
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Jack Morey's profile image
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Jack Morey
  • Member since Aug 19, 2020
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Jack Morey
9
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24
Posts
Starting Out

Condo/Loft Apartment Rental

Jack Morey
Posted

Hi all, I am wanting to get my first rental property and am wondering if any of you invest in condos or apartments. I have my eye on a few apartments in Minneapolis, but am wondering if townhomes/single family are better investments. Any input or recommendations is appreciated!

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Jordan Moorhead's profile image
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Jordan Moorhead
  • Real Estate Agent
  • from Austin, TX
  • Member since Jun 19, 2015
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Jordan Moorhead's profile image
Jordan Moorhead's profile image
Jordan Moorhead
  • Real Estate Agent
  • from Austin, TX
  • Member since Jun 19, 2015
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied

@Jack Morey I have a few buddies that do condos, just really dig into the HOA's after you check out the HOA fees. Underfunded HOA's mean special assessments and they can kill your cashflow the same way not having proper capex budgets can.

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