Currently own 1 and Looking for my 2nd Condo

[Jordan S.]

What is everyone's thoughts on Condo's overall? I personally love the downtown culture and moving into a larger condo (once I find one). Only issue is availability and they have offers in hours/days (even with today's rates). The goal is to only purchase condos that allow you to rent (my intent with the first) and continue to acquire more over the years.

[Jeremy Nault]

Hi @Jordan S. I am a big believer that as long as the numbers work, real estate is the best investment you can make. Whether its a condo, single family, small multi family, or large multifamily, if the numbers work for you they work! I feel like the HOA's are constantly giving condo's a bad wrap when it comes to investing in them, however, the HOA also take's a lot of the maintenance responsibility off of your plate which is a huge perk especially if you plan on self managing. As with all deals, make sure you do all of your due diligence about the property and the condo association and if your conservative number's work I would say go for it. There is more than one way to grow wealth through real estate and I believe condos can be a great way if you buy the right deals. I hope this helps and good luck with your investing journey!