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Condos/Townhomes With LO


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#1 alterman

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Posted 13 August 2015 - 02:49 PM

I am curious if anyone does LO's with condo's / townhouse?  I am starting some marketing and didn't want to waste time and money going after this market if tenant/buyers  are primariiy interested in SFR. I was trying to zig while everyone else zags but  at the same time want to go where the results are.

 

 

 

 

 

 



#2 MichaelC

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Posted 13 August 2015 - 04:24 PM

Here in Florida condos and townhomes are a very big market. To exclude them would be a big mistake.  Of course, other areas and local markets may be different.  But I think you'd be making a mistake to overlook this segment.  Not everyone is a SFR buyer, and as long as the terms are in line with market conditions, there will be interest in condos and townhomes.  Just be sure to check the association's regulations regarding rentals.  Some allow them, others don't and still others will allow only a percentage of the units to be rentals.



#3 pilot76180

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Posted 04 October 2015 - 04:20 PM

I have found the biggest thing to look at is the HOA fees. 

That can kill a deal, at least here in TX. 

If you have a $100k condo that rents for $1100...but HOA is $600 a month...

The buyer could go get a $190k house with a pool for that...

FL is different because it's full of Italians and old people, so it's all screwed up, so HOA's are tighter to keep out the riff raff.


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#4 MichaelC

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Posted 04 October 2015 - 05:03 PM

. . .FL is different because it's full of Italians and old people, so it's all screwed up, so HOA's are tighter to keep out the riff raff.

:angry:  Asshat. . . :lol:






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