Are townhomes/condos good investments?

[Brooklyn Hunt]

I am just curious if townhomes/condos are worth the investment for a first time home buyer wanting to house hack? 

[Benjamin Sulka]

Brooklyn,

These types of properties pretty much always have HOAs which can drastically impact your investment. You have to pay HOA fees, need to meet regulations and may not even be able to rent your property depending on the HOA.

This puts the viability of your investment into the hands of other people. But there are absolutely people who have been incredibly successful owning townhomes and condos so consider the pros as well as the cons. 

All the best!