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Reply to "Investment property - best location?"
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[quote=Anonymous][quote=Anonymous]Condo in newer building along the Orange Line in Arlington. Note that condo fees are higher but you can deduct some of the maintenance costs from your Fed tax as well as depreciating the condo. HOA fees are lower because you are responsible for exterior elements such as roofs. For $600K you can get an okay 2 BR 2 Bath that will rent quickly for $2,500. [/quote] I'm with the OP on this. I don't get why you people are enamored with condos as rental units given the HOA fees. Never mind that you can deduct the HOA fee, any fee reduces your profit and cash flow. HOA fees do not apply to SFH (most of the time and when they do, it's usually fairly nominal for access to a community pool, etc). So unless a condo commands more in rent than a SFH to offset the HOA fee, I don't see why a potential investor would lean towards a condo vs a SFH. I'm strictly speaking from a monetary standpoint because I fully recognize that from a maintenance and repair perspective, a SFH may have more issues that a landlord has to deal with compared to a condo. [/quote]
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