Why Condominiums Are a Smart Real Estate Investment w/Ryan Shea

Condominiums are one of the most untapped niches in real estate, but they offer so much opportunity. What are the unique attributes they have, and how do these qualities make them more attractive? How can we tap into them to build wealth? How can we start manifesting better results, even in a slow market? On this episode, agent and author Ryan Shea shares how we can become smart buyers with condominiums.

 

 For a lot of people, buying a condominium is a good play because you’re going to buy it at a lower value than a single family home. -Ryan Shea

 

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3 Things We Learned From This Episode

• How we create our own results
  Our belief about the market is what will manifest in the results we get. If we tell ourselves we’re in a bad market, that’s what our results will reflect. If we say a certain period is slow, that what we’ll see. Any market can be a good market, we just have to look for the opportunities in it.
  
  
• How to define condominiums
  There are quite a number of different condominium types. There are high-rise condos which are 5 stories or more, and standard condos which are 1 or 2 stories. There are townhomes, as well as townhome condominiums in which you don’t own the land underneath the property.  
  
  
• The common misconceptions about condos
  Condos can cost a lot less than single family homes and still give you the feeling of community and peace of mind. You also don’t have to worry about things like yard maintenance or parking. On top of that, they usually have great views and great features so you get a lot more for a lot less.

 

There’s a huge misconception that condos are only for empty nesters. The buyers and real estate agents specializing in them are reaping massive benefits. Nowadays they are extremely attractive pieces of property that provide many benefits. They offer a turnkey lifestyle where we don’t have to worry about yards. They take the stress out of parking, and they even offer a close-knit community that can rival single family homes. Whether you want to live in them or lease them, condos are definitely something worth thinking about.

 

Guest Bio-
Ryan is currently a Realtor in Dallas, TX and has been for the past 9 years. He is also the author of the book Condo Living Dallas. Go to http://Sheadfwrealty.com for more info.