Anybody here actually prefer condos over houses as investment properties? I realize the cons, hoa fees etc. but living in NYC is rough.

like
Posting as :
works at
You are currently posting as works at

HOA fees are built into the market rent, so that’s not really the issue. Many are successful at renting condos and apartments, but I prefer SFR’s and duplexes that are in SFR neighborhoods. My target tenant is the long term renter, preferably a family with children that will stay put. Vacancies erode profits and take up time. My portfolio is passive with very little oversight needed. While condos are better than apartments, they typically have a higher turnover than SFR homes. But, I don’t live in NYC so get that this is a good option there and the turnover may be less.

like

You don’t have to invest where you live.

I have a condo for a mid term furnished rental, works pretty well. Especially because there are 2 pools that are heated year round, which is a big amenity that people look for in the market I’m in (AZ)

like

I absolutely prefer condos over houses. For me it just seems to be convenient especially with cost. Some condos still give the benefits of and apartment with the other of ownership.

Related Posts

What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

like

Isn’t buying ETH a little too late in the game now ? Considering other blockchain technology applications coming up.

like

Hi! New here, curious what other property managers are paid? Currently at $28k with a “free” apartment (paying approx $200 for utilities but no rent). Is this worth it to anyone else?

Can someone explain this whole GME/AMC thing to a noob like me? Is buying tomorrow still a good idea? How are ppl determining which of these random companies to buy?

likefunny

Looking for some software or tools recommendations for
1. Plan for retirement- I am looking to do the following calculations : calculate total corpus required at retirement based on inflation lifestyle etc. , calculate total amount my investments will grow at retirement age ( 401 k , savings etc, ). These two figures should give me an idea where the additional amount i need to invest.

Any recommendations?

like

If JetBlue moves my departure time by 3 hours can I get a credit card refund or only travel bank?

likehelpful

Interested in investing in real estate. How to even begin and what apps should I be using?

like

Hi fishes, need urgent advice. How is the HDFC Index Sensex Plan? I have invested 75K but it's in loss as all others. Should I continue to average it out or stop investing in it? The loss is higher in this compared to other funds.

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

like

as another fish. have 13k left in car payments for another 40+ months, would you recommend doing a 10k onetime payment or investing that 10k instead. better to lower debt or keep paying monthly cost

like

Can you choose to pick LIFO or FiFO during crypto tax filing team? Coming up on 1 year of buying my first few hundred eth, but want to ensure that I do FIFO to get the lower long term capital taxes

like

Hello fishes, can we buy land/plot to save long term capital gain tax?

Those of you with 50%+ of your comp in bonus, do you factor that in when budgeting living expenses? Obviously we expect it but bonuses are never guaranteed.

like

I am 29F and earning 13LPA. I have been working for 4 years of which 3.5 years I had very low pay and close to 0 savings. I have been able to save 6L now.

My investments below:
* Elss funds - 2 (total 1.5L annually)
* Large cap mutual funds - 6 (total 40K sip per month) current portfolio of 4L
* FDs - 2 of 25K each
*Medical insurance - company provided

Can someone advice if this is a good investment plan for future? What can I do better? Do I need another Insurance? Where else to invest?

likehelpful

U can’t be wrong if you’re investing in index for long term

Post Photo
like

Do anyone of you subscribe to the motley fool or any other stock advisor tools? Recommendations and thoughts on how useful they are?

like

What do you do and how much you made in 2021?

like

1M net worth, 450k total comp, age 35, just paid off tons of student loans TONS, want to retire at 50. What’s the move?

like

Any tax accountants/attorneys in here? What would happen to the 401k of a foreign worker if they cannot longer maintain an immigration status and have to go back home? What about a ROTH 401k? Assuming they made after-tax contributions, would they still be able to take tax-free distributions if they are non-resident aliens for tax purposes?

like

More Posts

Someone please advice🥺

Post Photo

People who have a celebrity-inspired tattoo, do you regret it? I want to get one inspired by my fav movie but what if that actor turns out to be a Weinstein?

like

Hi Folks, Please give a suggestion where to join. 1. Sapiens (Insurance) 18.5 F + 1.5 V + 1JB 2. CGI 19.5 F + 30 V I am looking in terms of WLB and job security .Sapiens CGI

like

Which company is good to join ?

like

I’m interested in a Technical Consultant position at Google. Anyone at Google willing to talk to me and refer me? Pretty please 💞

like

What’s the salaries for network architect these days ?

like

How company Company performance bonus is paid in persistent? In offer it’s mentioned that some is paid monthly and remaining at the end of financial year based on performance review

like

I'll stick around for the bonus but want to make my side hustle my main career next year.
The side hustle is Scentsy...

funnylike
like

Any recommendations for breast pumps?

Spent the pandemic working on myself, got sober, focused on working out, left the music industry and started a career where I can make money and have a steady work schedule. Maybe this isn’t everyone’s version of “growing up” but that’s what this was for me. Now that I’m vaxed and seeing my friends, it’s clear we have little left in common, and honestly a lot of the things they do straight up embarrasses me. I don’t want to lose these long term friends. Has anyone else been in this situation?

likehelpful

To the struggling healthcare student. It’s okay to struggle and not know stuff. Sincerely your friendly neighborhood physical therapist.

like

Looking to move back to La in the Marina Del Ret area, any good apartment recommendations?

like

Hi all, what is the expected in-hand monthly salary of Accenture from 14LPA fixed?

like

Anyone from the states did a deployment here through work? Any advise on how to go about it?

like

Anyone currently enrolled or will be enrolled in the online masters cyber degree at Georgia Tech?

like

So… if twitter disappears… how many social creatives teams jobs are disappearing as well? Will agencies lay folks off over this?

like

What are good KPIs for personal injury support staff?

like

can anyone shed some light on what kind of leadership development/training programs are available to senior leaders at Google? like public speaking for example? how do they choose who to offer these training opps to?

like

Hi.. I am working in TCS as a BA (Third party payroll) , recently my team has started the process of bringing me on-board TCS permanently ?
Is there going to be an interview for the onboarding ??

Additional Posts in The Real Estate Bowl

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

like

I bought a property with 5% down. If after a couple of years I decide to move and rent this out, can I buy another property to live in for 5% down or does it need to be 20-25% down?

like

For those w investment property, how many of you self manage vs using property manager? This is my first condo, relative new build from 2018 and a family friend jus moved out. I would have self managed but am scared about squatting/evictions esp w Covid and the rent memorandums. Thinking of jus getting the property manager as I am new to this... Advice appreciated.

like

Question for folks with second homes: Considering buying a vacation home but would be primarily for family use. We currently have a primary residence with a mortgage balance of ~640K, so my understanding is I could only deduct the mortgage interest on 110K of the second mortgage to stay under the 750K cap. If I were to buy the second home through an LLC, would that allow me to exceed that 750K since the expenses of the second home would be pass through expenses/income?

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

Thoughts on buying pre-construction homes in markets that are popping and flipping selling them when construction is complete?

My uncle does this (he’s a realtor) and usually gets 2-3x return. Obviously there is huge risk because property prices can change a lot in 1-2 years, but at the same time the upside is hard to ignore.

Anyway I protect myself against the downside risk? (other than loosing my down payment)

like

NJ market - Cousin of mine who has >500 rental properties advised that over next 3 yrs it’s possible for me to get 3 multi-fams if I buy 1 every year for next 3 years, by doing FHA on the first so 3.5% down and then doing less than 10% down on the next 2 if I do it right. Everywhere I read not seeing how that’s possible. can anyone explain pls? Is there a hack that after getting the 1st owner-occupied prop, I don’t have to put more than 10% down on 2nd home, and on 3rd??

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Best way to start wholesaling real estate?

like

What's the best city in UK to buy a buy to let property, with best returns?

like

Please help! Do these fees look within normal range or are they too high? I am especially concerned about the title company fees!

Post Photo
like

Do you thank your tenants for paying the rent? A quick thank you text?

like

Any Property Management recs in Seattle area? :(

like

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

like

Can I get a commercial loan without 25% down?

like

I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal