condo's....

[Jeff Hogan]

What is your take on Condo's? I know the preferred flavor is single family homes.

But, I have a chance at a condo in a well established high rise that provides a leasing company. The condo has high occupancy and is meticulously maintained.

It had a renter in it until it foreclosed (out of state investor had about five condos and let them all go) and was bringing in $850 a month.

How much cash flow am I looking at if I bought for 45k?