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Updated over 9 years ago,
Successful condo RE investors... How did you do it?
I always hear that condos are usually not good RE investments due to loss of control and maybe high HOA fees.
But for the successful condo REI, what made you successful despite the naysayers? Also, how do you compete with other condo owners (within the building and beside the vicinity) who are also renting their units out? How do you stand-out?
Are your condo units in a very good location? Did you buy the cheapest condo unit around the area so that you can also command a lower rental fee?
I'd appreciate some advice!