Investment

[Mustafa Asfar]

Are condos a good first time investment purchase especially with the price going for around 40k

[John Horner]

Initially, at least in my area, they are not. The condo fees are typically high and eat of a lot of cash flow that may be had. I get a lot of calls on condos that rent for $500-$600 and the fees are near $150/month... there goes all my potential cash flow.

We need more info to make an educated decision.

Monthly Rents?

Condo Fees (and what's included)?

Taxes?

Insurance costs?