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Updated over 17 years ago on . Most recent reply

User Stats

69
Posts
5
Votes
Michael Sokolski
  • Homeowner
  • Stony Brook, NY
5
Votes |
69
Posts

Are Condo's a good start

Michael Sokolski
  • Homeowner
  • Stony Brook, NY
Posted

As a beginning investor, I’m trying to figure out where exactly I want to start. All the advice I get seems to point to the theory - start small, make mistakes, learn your lessons, and move up gradually. I’m curious to see if anyone has experience in Condominiums. I know that Co-Ops have a board you have to go through but do Condos? Are they treated like any other piece of real estate?

I was just curious to find out what expenses there are with Condos. I know you pay a Maintenance fee on top of your mortgage, Taxes, and Insurance. Are there any other hidden expenses and are condos a good way to start?

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