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Updated almost 8 years ago,

User Stats

98
Posts
64
Votes
Erik Sherburne
  • Investor
  • Saint Paul, MN
64
Votes |
98
Posts

Buying a Condo in an complex that primarily investor owned

Erik Sherburne
  • Investor
  • Saint Paul, MN
Posted

Good people of Bigger Pockets-

I'm looking to add another property to my investment portfolio. My strategy at this time in my life is low maintenance properties (condos) and it has worked thus far (I have 2 condos plus our previous SFH that we kept). The numbers work on one I am looking at however in talking with the management company over half are owned by investors, with over 30% with one "entity". Should I be concerned?

Thanks in advance for your time!

-Erik