I have a list of preforeclosures which I’m going to do some door knocking with. One or two happen to be first floor units…I guess in an townhouse or what not. Do you guys deal with these (or similiar) at all or strictly single family homes? If yes, are there any differnces in which you go about your process compared to the regular homes. If no, how come?
thanks!
Ryan
Ryan,
Its a personal choice to do condo’s , a lot of investors will pass on condos because there are added expenses and restrictions. Usually the HOA fees are alot more than with Single Family Homes. Here in Indiana we have condos with 400/monthly fee and we have some with 175/yr fee and you will have to do your homework before you get into these. Make sure you have an exit stategy before you waste alot of time on these properties.
Good Luck,
Tony