Flipping condos is a less obvious option when thinking about a real estate investment, but it has been proved that, on the right hands, it can be reliable in terms of time and money.
Some pros about Flipping Condos:
- It requires less upfront money as well as less time.
- We make investments in areas where the market is strong and growing.
- Condos are usually priced at least 30 percent below comparably-sized houses.
- Condo property taxes are also lower and insurance and maintenance costs are less since expenses are shared by multiple tenants.
- Approximately 10,000 baby boomers are retiring each day and many plan to sell their homes and move into lower maintenance townhouses and condos.
- Baby boomers are buying condos and renting apartments at twice the rate of millennial buyers.