Originally Posted by Norseman
Not sure there is any money in selling condos or anything else these days.
My realtor has not had a closing in months.
The beauty of a chaep condo is renting it out, then having a positive cash flow of $400 to $500 per month as the mortgage rates are low and the purchase price is low...Then when the economy swings around, real estate prices should increase and one could sell with a tidy profit.
That is the theory anyway...Your milage may vary..
Of course that assumes that your tenant has a job AND pays his rent instead of just squatting while he steals your plumbing and doors.