Channel: BiggerPockets

Category: Education

Tags: condo feesare condos a good investmentairbnb condoscondo assessmentreal estate investorshort term rentalairbnb investmentpassive incomeairbnb hostairbnb condominiumbiggerpocketsairbnb investingvacation rentalvacation rental propertyshort term rental propertyspecial assessmentairbnb condohoa feesreal estate investingcondo investment propertyshort term rental investmentcash flowvacation rental investmentreal estate cash flow

Description: Short-term rental investments take on a lot of different shapes and sizes. You may think of a cabin in the woods, a beach bungalow, or a ski-side chateau when you think of vacation rentals⁠—what you may not be thinking of is a condo. Condominiums have gotten a pretty bad rap from real estate investors and especially short-term rental investors. HOA fees, condo assessments, and non-warrantable units may give some people the host-heebie-jeebies, but not Avery Carl. Avery Carl has become a master of short-term rental investing over the past half-decade and has built up not only a significant portfolio but a mortgage and real estate brokerage. Avery has heard the arguments against the cash-flowing condos and decided to try it herself. After seeing success, Avery has realized that most of this condo contention is unfounded, and the investors that do dive into condo investing can find serious success. In case you have any doubts, Avery walks through the three top arguments against investing in condos for vacation rentals, along with the reasons why these condo cons actually become pros (when used correctly). Would you invest in a vacation rental condominium? Have you done so before? Let us know in the comments below! ~~~~ Join BiggerPockets for FREE 👇 biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Grab Avery’s Book, “Short-Term Rental, Long-Term Wealth” store.biggerpockets.com/products/short-term-rental-long-term-wealth?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ It’s Not Too Late to Join the Short-Term Rental Investing Game: biggerpockets.com/blog/short-term-rental-market-watch?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ The Ultimate Guide to Investing in Condos and Townhomes: biggerpockets.com/blog/2016-05-27-ultimate-guide-investing-condos-townhomes?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Should You Invest in Condos? Here’s What to Know First: biggerpockets.com/blog/buying-condo-good-investment?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Why I Invest in Condos & Townhomes Over Single Family Residences: biggerpockets.com/blog/2016-03-09-choose-invest-condos-townhomes?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Work with Avery on Your Next Short-Term Rental Purchase: Agents: theshorttermshop.com Mortgages: mortgage.shop ~~~~ Connect with Avery on BiggerPockets: biggerpockets.com/users/averyc4?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow Avery on Instagram: @theshorttermshop or instagram.com/theshorttermshop 00:00 Are Condos the Perfect Vacation Rental? 00:49 Non-Warrantable Condos 01:50 Condo and HOA Fees 03:13 Condo Assessments 04:02 Cash-Flowing Condos Aren't So Scary! 04:30 Stick to The Right Vacation Market