Most people stay stuck with low-return investments because they don’t have a clear strategy. Learn how to shift from passive to active, from lending to ownership, and build lasting wealth with The Path of Money framework.
Before you outlay a big chunk of money for a condo investment, here are 7 frequently asked questions. Investing in condos can be an attractive option for several reasons compared to single-family homes. First, condos typically come with a lower purchase price than single-family homes in the same area, making them more accessible and requiring less upfront capital.
Just by chance last week, four 1BR condos sold at Clarendon1021 and one 4BR condo sold at the Atrium for almost the same price, which begs the question, what would be a better investment. When it comes to real estate investment, one common dilemma is whether to purchase a single larger property or multiple smaller ones. Let’s weigh the options between buying one 4-bedroom condo versus four 1-bedroom condos for the same price.
So you are planning on moving and are mulling over the big decision of whether to keep your current place and rent it out or to sell it. For most people the answer is easy as they have to sell it to be able to buy the next place. For those in the position of not having to sell, the question is should you? In this post I’ll give you a few questions to ponder and a short cash flow calculator to give you a clearer picture of the costs involved.