Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

13
Posts
1
Votes
Amanda Comeau
  • North Stonington, CT
1
Votes |
13
Posts

Buying Condos for rental properties ?

Amanda Comeau
  • North Stonington, CT
Posted

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 ???

Loading replies...