Memphis Condo Investing

[Richard Nelson]

Wondering what's your opinion about Condos in Memphis? I have been Investing in SFR but I keep seeing these interesting Condo deals. Like 30K for a property bringing $700 rent w/ tenant, in 38115 and 38118. I know there are HOA fees associated, but am I missing the fun on Condo's or something? Lol.

[Verna Littleton]

I have sold some in these zips and it depends on the monthly hoa fees compared to rent being collected which I am sure you are aware of.  Also in the zips you mentioned, it depends on who manages the condos.  Some property managers are good but some that I know of in these zips are poorly managed.  You want to do your due diligence and get as much info from the hoa as you can.