Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

25
Posts
8
Votes
Tobias Joneses
8
Votes |
25
Posts

condo vs sfh when you don't live close by

Tobias Joneses
Posted

I understand that SFH will have greater appreciation and most likely less turn over but was wondering if I were to manage it myself but it was somewhat far away would a SFH still be a better investment or a condo. With a condo at least I won't have to worry about the roof and exterior maintenance. There are also neighbors in the complex who can check on things as well as HOA who will let me know about violations if they are happening vs. a sfh, I am in the dark unless I actually go by to inspect it. What do you guys think?


I read a lot about Multi family is the way to go, but in los Angeles, I would highly recommend preparing for RSO. The real estate game has changed immensely if you are under RSO(rent stabilization ordinance).  Essentially you cannot move a tenant out unless they are damaging your property and even if they are, it will take months if not years to get them out. 


I'm looking at a condo which will bring in less income, but also less headache. Please don't suggest getting a property management company, because they will eat up a lot of the profit. In southern california I noticed, the rent difference for a condo and a house isn't so big, but the sales price are huge. So i'm leaning more towards condos. SFH seem to be harder to get cash flow if i used 25% down on either property

Loading replies...