Is it still worth investing in condominiums?

[Vijay Chadalavada]

Hi,

There are quite a few new listings of condominiums in the Kansas City Downtown. However, in the current market across the nation, the demand is for single-family homes, and not sure if the condominiums are worth buying. They are hard to sell and hard to appreciate.

I did the math for one of the listings in the Kansas City downtown condo ("The Manhattan") and there is no positive cash flow. The apartment is like 150k and there doesn't seem to be having positive cash flow. Rents are in the range of $1000 but not more than that.

[Elizabeth Palma]

For the most part, condos are not great to get a positive cash flow and for the price of a condo you can get a small house, if you can I recommend staying away from condos and going for single homes instead! If you need help finding the best deals I can help you! ;) Or you can just take a look at ConnectWiseKC on Facebook! It's a great group with lots of good deals!