All Forum Posts by: Kyle Garland

I'm in the beginning research stages of purchasing a rental property as well. I'm on the seacoast where everything is very expressive. Condos seemed like a attractive choice to me. I too have been seeing a good amount of negative reactions when it comes to investing in a condo, making me a little hesitant on pulling the trigger. 

I know i want to start investing, but that 20% down can be a killer on MFH in my area. 

If you come across any info regarding condo investing, I would love to collaborate more on the topic.

KG

@Kim Stofan Good point. These are all great things for me to think about. Seems like the multi family is the way to go. 

That would be an ideal situation. Unfortunately, that is not an option for me currently . I have a mortgage and three kids, moving my family around sounds less than exciting. If only i had this ambition 5 years ago, house hacking would be perfect. 

Thank you for the advice.  Now i have the decision on purchase what I can currently afford or wait for some time for the larger house. the 20% down payment can be a killer when it comes to more expensive houses.  

Very true. I was a little nervous about the HOA fees. Those or always subject to change. Would make it hard to forecast my ROI over 10 years.

Hello all,

I am new to BP, was lead here by the book Rental property investing By: Brandon Turner. I want to jump into purchasing a rental property. Looking to see if anybody has any advice for me on purchasing a condo.Is this a good starter property or should i save a little longer for a multi family? 

My thought on Condos is the baby boomer generation starting to look for retirement homes that they don't have to worry about all the maintenance, thinking condos are perfect for them. 

Would love to get some feedback. 

-KG