Investing in real estate is one of the best (and most complicated) long-term investment strategies that one can have. A growing economy, increased demand, and affordable home prices will keep housing investment returns on an upward trajectory. It makes it more stable and rewarding investment item for your money.
However, there are a lot of factors that enter into whether or not your investment will make returns, how soon it will make a return, and if you’ll be able to make a profit from your investment. To identify some of these factors we’ll be taking a look at condos, one of the best first-time investor properties, and some questions you’ll have to ask yourself before you invest.
- Is there a rental cap?
Many condo buildings have what are known as ?rental caps.? This