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Updated almost 6 years ago on . Most recent reply

Jasper Cangelosi's profile image
Jasper Cangelosi's profile image
Jasper Cangelosi
  • Rental Property Investor
  • from Kansas City, MO
  • Member since Oct 17, 2018
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Jasper Cangelosi's profile image
Jasper Cangelosi's profile image
Jasper Cangelosi
  • Rental Property Investor
  • from Kansas City, MO
  • Member since Oct 17, 2018
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Jasper Cangelosi
  • Rental Property Investor
  • Kansas City, MO
2
Votes |
17
Posts
Commercial Real Estate Investing

Investing in condos?

Jasper Cangelosi
  • Rental Property Investor
  • Kansas City, MO
Posted

I was thinking about purchasing my first condo in Florida? I would like to hear about the good, the bad and the ugly about investing in condos

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Frank Wong's profile image
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Frank Wong
  • Real Estate Broker
  • from Bay Area
  • Member since Aug 6, 2018
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Frank Wong's profile image
Frank Wong's profile image
Frank Wong
  • Real Estate Broker
  • from Bay Area
  • Member since Aug 6, 2018
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Frank Wong
  • Real Estate Broker
  • Bay Area
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Frank Wong
  • Real Estate Broker
  • Bay Area
Replied

Hi Jasper,

Nothing wrong with investing in condos.  

Pros- Low cost of entry, responsible for interior only, easy on maintenance cost, work great for rentals, plug and play.

Cons- Monthly HOA, don't own the land, possible rental restrictions in CCRs, special assessments down the road, HOA restrictions on remodeling material.

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