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Don’t Forget the Association Fee
Manage episode 285724309 series 1016853
Nội dung được cung cấp bởi Evan Russell. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Evan Russell hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
In this episode of “Russell Realty Minute Podcast,” Evan Russell, owner of the Russell Realty Group, discusses what to look for in buying a condo as a real estate investment. It’s important to consider all the fees, especially the association fee, to ensure that the property is cash flow positive.
"It seemed like they were cash flow positive until you dig really deep down and you find out there’s a special assessment on the unit in a condo fee, which turns a positive rent roll into a negative or almost break even really quickly." - Evan Russell [01:21]
What You Will Learn:
[00:00] Intro
[00:18] Don’t forget the association fee
[01:58] Outro
Resources:
Visit our website: https://www.therussellteam.com/
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"It seemed like they were cash flow positive until you dig really deep down and you find out there’s a special assessment on the unit in a condo fee, which turns a positive rent roll into a negative or almost break even really quickly." - Evan Russell [01:21]
What You Will Learn:
[00:00] Intro
[00:18] Don’t forget the association fee
[01:58] Outro
Resources:
Visit our website: https://www.therussellteam.com/
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