Most of the real estate investors that I know, do not particularly like investing in condominiums. The main reason is the HOA fees (Homeowners Association fees). Not only is it that they exist at all and they don't like paying them, but they know that they will increase over time.
So is there ever a time that you might consider investing in condo's?
I believe that there is. If you find a “smoking hot deal” that is in an area where it would work for student housing, you might just have a winner. Student housing whether it is on campus or off campus is very expensive. Older students in particular don't want to live in a dorm or even in a campus setting. I believe that there is a real opportunity to create your own niche and get higher rents every month than if you rent to a regular tenant.
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Condominiums mostly cost a fortune for students to pick up but an apartment on rents would be a great option to try on to.
Most students wouldn’t be in the position to buy. But an investor could buy the condo and rent it to the student. Thanks for stopping by.