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Updated over 9 years ago,
Buying Condos for rental properties ?
There is a condo unit near by that has a few "nice" units for about 60k, I have enough money saved right now to buy two of them with 20% down...... However has anyone had any success renting condo's ? I know most places have a % of how many can be rented, so I would need to check into this first I suppose.
The area is getting about 1100-1300 a month in rent on a two bedroom. We are near a military base which I work at so I know I can rent them quickly and pretty much know I will get paid each month.
condo fees are 180.00 a month there.
I have a single family rental home right now, and it's currently paying for itself, I will up the rent at next signing of lease, then I'll be making some off of it finally.
I am new to investing and want to start off as safe as possible before jumping into a three family... Would anyone recommend buying condo's ???