1: Buy a condo for 400k in 2018. For 200k more could have afforded a SFH in a remote area. Felt it would be over my budget. 2: condo had a water leak that permeated to units below. As a first time buyer, I did not have homeowners insurance gap. Paid 15k 3. Rented the condo out and the tenant fucked it up. 4. Finally fixed everything. Had to pay 5k to do so and now sold for 410k Lord knows how much sleep, effort and money I've lost on this one. May it burn in hell. Tc: 220k Yoe: 5
So moral is never buy a condo? Never become a landlord?
Easy fix just make more money
What location was this in? Not the Bay Area, I’m guessing? Coz nobody can buy anything for 400K in the bay.
Dude, do 1BR condos in Hayward or Union city go for more than 400K?
Why would anyone buy a 1BR condo? Maybe the OP can provide details on how large it was. Regardless of what state you live in, studios and 1BR condos have the least appreciation. Nobody would invest in such a thing.
How much was the HOA?
Many condos still went up in price a lot since 2018. How did you manage to not make any money? Which location?
2018 was also a small bubble in many places
Do you need any help, advice or just ranting?