Omaha, NE · Member since 2020 · 612 posts · 665 votes
6y
Townhouses are built like duplexes but where you get both doors when you buy a duplex, townhouses sell as individual properties. So you share a wall but no equity. That's my reason for not even considering Townhouses. If I needed a second reason, I'd point to the challenge of selling a townhouse, especially in an economic downturn. People who want houses prefer privacy, so you have a smaller pool of potential buyers.
Omaha, NE · Member since 2020 · 612 posts · 665 votes
6y
Townhouses are built like duplexes but where you get both doors when you buy a duplex, townhouses sell as individual properties. So you share a wall but no equity. That's my reason for not even considering Townhouses. If I needed a second reason, I'd point to the challenge of selling a townhouse, especially in an economic downturn. People who want houses prefer privacy, so you have a smaller pool of potential buyers.
Investor · Durham · Member since 2017 · 589 posts · 251 votes
6y
Yea honestly the fees with most townhouses make the mortgage so high your not cash flowing with the rents. Townhouses can be converted into a rental long term if you can find a decent deal though.