Thinking about investing into real estate but I’m super new at this and not sure where to get help. I saw a few apt/townhomes for sale in a prime location in my city. They’re around $110-$200k each and most over 1k sq ft. I’m thinking of getting one and turning it into an Airbnb. HOA and tax is a bit pricey (adding an extra $700-$1k/mo). Would this be a good investment?

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A lot of condo will prohibit short term rentals altogether or have limits on the number of rental units. Make sure you read the HOA bylaws.

likesmart

You can get a 1,000 sq/ft condo in a prime location for $200k? What city are you in? I didn’t know any urban area in America had real estate for so cheap.

likesmart

Actually I’m in the city haha, look at Texas cities! There are some pretty good deals here and there

It’ll be a my first property I’ve ever purchased. I have most of my money in the stock market in index funds but I really want to get into real estate ASAP. Im just not sure where to get good info. If there are some experts, videos, or books y’all can recommend, please do!

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I would post this in the real estate bowl too

https://joinfishbowl.com/bowl_6nr83fvs5w

Learn to underwrite real estate deals. It’s actually insanely easy.

Calculate the cap rate. Generally, 4-6% is low/acceptable, 7%+ is good.

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