buying the first condo

[Furqan Qureshi]

Hey guys 

Been trolling the forums for while now and wanted some insight and wisdom from you guys. There is 8-10 condo near where are live for sale and all are BRRRR all range from 18k list to 30k list most are rented already. So my question is I get cash income and wont get a loan. Probably if I did a hard money loan with 30% down and 8% interest. I think just that alone will eat up all the profit, so it doesn't seem worth it. Also I live in a condo myself as of now and my lease isnt over til end of year, so I would have rent those places out quickly. This would be my first property, even though I had purchased a house in 2004 and had foreclosed due being sold a subprime mortgage. I wanted to move into my own house first before making this investment. But it seems like a good deal though. I do have more than enough saved so Im not hesitant there. And there is also a $288 maintenance fee per month with each condo. Is it worth it?