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Updated about 5 years ago,
First time investor. Question regarding condos
In my market, properties are expensive in comparisson to local rents. I'm a first time investor and there are some condo units in some upscale neighborhoods that capture higher rents but the HOA fees seem high. What's recommended for repairs and capex on a condo thats in really good condition and the HOA handles most of the utilities? I want to make sure I'm setting enough aside but I'm thinking those amounts are significantly less so maybe its more cash-flow friendly than my initial analysis shows?