Investing in Condo? Get your Mortgage Pre-Approval First!
7 Advantages of condo investing
1. Renters have a shred sense of community.
2. The purchase price is lower than for single-family homes.
3.Equity and tax advantages
4. You can fetch a premium resell price or monthly rental for your condo unit.
5. Renting out your condo is cheaper due to shared building maintenance costs.
6. The rules governing condos benefit the landlord and limit the tenant bad behaviour.
7. Homeowner rules also make managing condo properties easier for investors.
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