General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago, 07/13/2021
What is the value of own adjoining units or nearby units?
Are there any intrinsic values or benefits of purchasing an adjoining condo unit to a rental I already own?
Buying the second unit would make me a 100% owner of a duplex that has been converted into 2 condos, so I would essentially become the only member of the "HOA" for this small 2 unit condo "complex", which doesn't really regulate anything as it is.
The subject property will cash flow, but not quite as well as the property I already own next door. Are there possible other reasons to still pursue this property?
TIA