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Real Estate
Reply to "Investment property - best location?"
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[quote=Anonymous][quote=Anonymous]Realtor here. I own only investment condos. I have seen what tenants do to single family homes and how much it costs to bring them back into shape each time a tenant leaves. Tenants can do less damage to a condo and the condo fees cover many maintenance costs that you would have to pay in a single family home or a townhouse with a lower HOA fee.'[/quote] The problem with condos is that they compete with the apartments in buildings continually being built all over the area. And each new building brings new amenities -- amenities that your condo building may not have. SFHs and THs don't have anything like this to compete with so they will always be in demand. With all of the new apartment buildings coming online and are in the pipeline, I think we are very close to oversaturation. If you have a SFH in a close-in suburb renting for $2500 on up, you're not renting to the class of tenants who are going to mess your property up. [/quote]
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