06/07/2022
๐๐ ๐๐๐๐ฌ๐จ๐ง๐ฌ ๐๐ก๐ฒ ๐๐จ๐ฎ ๐๐ก๐จ๐ฎ๐ฅ๐ ๐๐ง๐ฏ๐๐ฌ๐ญ ๐๐ง ๐ ๐๐จ๐ง๐๐จ๐ฆ๐ข๐ง๐ข๐ฎ๐ฆ
๐๐๐ซ๐ญ ๐
6. Individuals who invest in condominiums are ๐๐๐๐๐๐๐๐๐ by the condominium corporation's bylaws and regulations.
7. Condo investing is generally a ๐๐๐๐๐๐๐ option than house investing because houses of comparable size in the same neighborhood cost even more.
8. It also allows individuals who invest in condos to purchase an investment property in a ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐.
9. Condos provide a ๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐
๐๐๐๐๐๐ because their buildings are located near shopping and transportation centers and are equipped with services and amenities such as a gym, swimming pool, and 24-hour security, among other things.
10. Best of all, ๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐, because condo developers only ask investors to pay a certain percentage of the total contract price, usually at 20% (serves as a down payment), which is often in deferred/divided payments over 24 to 36 months. Following that payment period, investors went into bank financing, which will most likely last 10 to 15 years. Within that time frame, you can begin renting out your unit, making it a self-liquidating asset. (Keep in mind that your rent must be greater than your bank amortization.)