Here’s what you need to know before investing in rental condos.
Are you looking to invest in real estate? If you are, that’s fantastic! Most experts agree that real estate is a very safe place to put your money. However, if you’re first starting out, purchasing an investment home is a big commitment. That’s why many investors are interested in investing in condos. That being said, before you purchase your investment condo, there are a few things you should know.
You can watch my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:41 — Find your condos rules and regulations document
1:43 — Check to see if renting is consistent with your HOA
2:11 — The condo association can deny your tenant
3:06 — Check if Airbnbs are allowed (They usually are not)
4:08 — Buying an investment condo is not the same as buying a home
4:42 — Don’t be afraid to ask questions
5:30 — Wrapping things up
If you have questions about this topic or anything else, please call or email me. I am always willing to help!