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All Forum Posts by: Nelson Van

Nelson Van has started 4 posts and replied 22 times.

Post: Questions on investing into condos

Nelson VanPosted
  • Rental Property Investor
  • Virginia Beach, VA
  • Posts 23
  • Votes 25

Hey there you guys...

I’m looking into buying my first rental property and I’ve been running numbers in my area and have a few questions to see what you seasoned vets would think. These are strictly questions for buy and hold investments.

- Are lower margins for condos worth it due to not being responsible for the roof, siding, etc...

- Are there any decreased value on these properties due to the ongoing HOA fees even after paying off the loan?

- Are there any hesitations investing into these properties due to possible restrictions the HOA may have?

Any input would be greatly appreciated.

Thanks!

Post: Good margins for condos

Nelson VanPosted
  • Rental Property Investor
  • Virginia Beach, VA
  • Posts 23
  • Votes 25

Hey there you guys...

I’m looking into buying my first rental property and I’ve been running numbers in my area and have a few questions to see what you seasoned vets would think. These are strictly questions for buy and hold investments.

- Are lower margins for condos worth it due to not being responsible for the roof, siding, etc...

- Are there any decreased value on these properties due to the ongoing HOA fees even after paying off the loan?

- Are there any hesitations investing into these properties due to possible restrictions the HOA may have?

Any input would be greatly appreciated.

Thanks!