Over a weekend during which my tenant was not home, the condo became flooded and water went through the flooring and flooded the office below.  

That’s a game-changer when it comes to flipping profits.Your scenario reminds me of a client I worked with in San Diego who flipped a condo after living there for a couple of years.

Median Sales Price for condo in Chicagoland went up about 8.4% over the past 12 months as of November 2024. 

good afternoon, closed on our first duplex the other week, hopefully many more to come

Quote from @Arun Maheshwari: Hi,We are looking to buying investment property ,Townhouse/Condo in Connecticut(Hartford).

If I waited longer and was able to pull more equity then I could possibly buy a multi family property like a duplex or triplex.

My wife and I got in the rental property business a couple of years ago, having two small condos in our portfolio. 

Purchase price: $300,000 Cash invested: $31,0002/1 X 2 duplex with new roof, newer AC's and new water Heaters in really good shape.

Quote from @Marc Shin: I have an older 1920's duplex, and the outside looks just ok, but not great.  

Let’s be honest, I’ve watched folks who jump into this game as if playing roulette.. firing off offers on duplexes in Phoenix or leaning on some “sure-thing” house hack in Austin without ever sketching out their plan.