YES! - Posted by Jim IL
Posted by Jim IL on June 03, 1999 at 10:09:49:
Almost 75% of my recent L/O’s have been condos and Townhomes. (lots of people buy these, low down and want that “house” only a little while later)
The only factor you need to keep in mind is the “assesment” or “Association fees”.
This will reduce your monthly cash flow if your not careful.
But, there are advantages, such as outside maintenance, trash removal and even utilities are included sometimes. (We have two where the heat and water/sewer are included in the assoc. fee).
Anyway, marketing the TH and condos is a little more difficult, because almost all my buyers want a SF “House”, but thats okay.
Worst case scenario is that we simply rent the homes out, because my payments are always at least $200/month below market rent.
Good luck to you,