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Updated over 3 years ago,

User Stats

20
Posts
15
Votes
Troy Zimmerman
  • Investor
  • Mount Pleasant, SC
15
Votes |
20
Posts

Call me crazy but I'm starting to love condo/townhouses again!

Troy Zimmerman
  • Investor
  • Mount Pleasant, SC
Posted

So I bought two condos last month.  Mostly out of necessity due to some family housing needs. No, my wife isn't leaving me, although I still don't understand why :)

Anyway, it reminded me that there are some real advantages to owning condos and townhouses. For example

Significantly lower insurance premiums. Limited cap ex.  More consistent rental pool due to amenities like pools, clubhouse, walking trails, etc. Ease of ownership / fewer MAJOR issues. 

Anyway, I know all the downsides, and I don't expect these to cashflow or appreciate as well as my multifamily, but it's an asset class that is back on my radar.  I'd love to hear everyone's thoughts on condos!

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