Apartments in Downtown, Investment Strategy

[Dmytro K.]

Hi folks, I'm really interested with seeing how many new developments are being built in Downtown, what strategies work there? How strict are HOA rules of those apartments, does anyone have real experience(positive or negative) investing there?

[Mark Frattini]

@Dmytro K.

HOA's have different rules and will vary from association to association. Are you wondering whether or not it can be used as a STR? Investing in downtown is just like anywhere else. The numbers need to make sense and make sure you have multiple exit strategies. Is this going to be your first investment property? Let me know if there is anything I can do for you.