Purchasing Condos

[Paul Munley]

Is there anyone specifically who can say they own multiple condos and are successful in this? It seems that their is a lot of red tape involving the condo associations that can cause issues in cash flow. I'm just curious if their is anyone that is completely successful in this strategy to see if it's feasible. 

Thank you!

[Chris Seveney]

Ask for the financials.
Ask how many or what percentage of owners are delinquent on there fees.
Ask if rentals are allowed.
Ask for the meeting minutes.
Ask what yearly Fees have been the past five years.
Ask if there are any current or planned special assessments.