Quote:
Originally Posted by squiggs96
I find the best investments are the penthouse condos. They give lots of rooms so the renters feel more at home. You don't want them to damage your property, so the more space they have to move around in, the less chance your walls will get damaged. Another obvious reason for a penthouse is people need a view in a condo. Because they don't have a yard, they need to be able to see further. Would you rent something on the third floor where you can only see another building? No. You would only rent the top unit so you can see the most.
You will also get better qualified renters if you have a penthouse. Some people who rent out the third floor won't be able to come up with rent. If you rent out a penthouse, you have to have a good job, and thus will always have rent money.
Sine condos always increase by the same percentage in one building, you will make a bigger return off the penthouse, since it originally cost more. Why would you only want 10% of a third floor unit, when you can have 10% of a penthouse unit. The money will roll in during the investment and especially after you sell it.
Try and get at least a three bedroom, so you can have more people in it. More people equals more rent.
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Thanks a lot for yr sugggestion.Pent house is too expensive.Also,I doubt if people want to rent a penthouse.Am thinking more of a 1 bed or 2 bed.The condo fees are also high,the more the room,more we pay for condo fees.Any good buildings u would like to suggest? thanks once again for your valuble input.Appreciate it.