ReCasa Financial Blog
Some real estate investors
wonder if condominiums are good rehab real estate investments
. While there are both pros and cons to investing in condos
, as a financial institution, ReCasa Financial Group
, we do not lend on condos.
Before investing in condo, please remember these points.
- Each unit in a condo is required to pay monthly association fees. Investors will need to pay each month from purchase till it is sold/rented.
- As an owner of the condo, the investor still needs to abide by the condo guidelines, which sometimes include rental restrictions.
- Data reports that the value of condos decline more quickly than single family homes .
Condos may be good for people who want to purchase a property and rent it out to occupants, but on the rehab side, condos may not be the best option.
What are your thoughts on rehabbing condos ?
The post Are Condos a Good Rehab Real Estate Investment? first appeared on ReCasa Financial Group.
