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Updated about 5 years ago,
Should I purchase a condo as a rental property
I recently came across some condos in my area ( Baltimore,MD) and the range from 90k to 130k in pretty good condition(minor repairs needed). My question is are condos a good investment the average mortgage is about $600 TO $800 per month pulling in about $1225 average rent in the area. But condo fees are the killer most are about $180 per month cutting into the rental profit.