Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Sanglak Choi
0
Votes |
2
Posts

Is it possible to force appreciate condos?

Sanglak Choi
Posted

Hi BP,

Quite new here and actually, this is my first post so hello everyone. So far in my education and experience is from single-family homes, so I wanted to know what people's opinions and experiences are about condos.

MY SITUATION:

I'm currently in the process of flipping a single-family home in a moderate-income area in my city and I want to get involved with rentals as well. However, I know that the demand for housing, how much I can charge for rent, and the probability of getting good tenants is much higher on the other side of my city. But currently, I can only afford condos from that part of the city. Is it likely I can force appreciate a condo like a single-family house so I can BRRR?

OTHER MYTHS I NEED DEBUNKING:

- I'm willing to screen and find my own tenants, but I don't want to deal with the calls of something being broken. (ex. plumbing, a leaky roof, noisy neighbour). Are these what I am paying the HOA to deal with on my behalf? and therefore I don't need to account for CAPEX when putting aside money from rent?

- It is difficult to even get the cosmetics of the apartment done?  If I want to put in new floors, or bathroom, the HOA will make me jump through a lot of holes before they approve it?

Thanks in advance,

    Loading replies...