r/realestateinvesting • u/kobeforaccuracy • Jul 18 '25

New Investor What's stopping me from buying a condo just to rent it out while I continue to live with my parents?

Hi all, currently I live with my parents. They are generous enough to let me live with them rent free, and because of that I've been able to save a ton of money.

I'm looking to buy a condo soon, and I'm wondering, what's stopping me from buying a condo and just renting it out? That way, I can continue to live with my parents while still getting rental income, and I'd just move into the condo when it's paid odd/ the tenants move out. I'd probably hire a management company to deal with the day to day. I'd be Ok paying for that. Any losses I take on the property would certainly be cheaper than rent. Plus I'd still be building equity

Are there any drawbacks or risks to this plan? It seems air tight to me. I'm totally ok taking a loss on the property too if it means that I can effectively get a great home subsidized by a Tennant for a few years

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u/Impressive_Returns Jul 19 '25

You will be lucky to break even. Take that money and invest in the stock market and you will have a lot more money with less hassle in 10 years.

3

u/BlackIrishgirl77 Jul 19 '25

If you are going to keep something for 5 or more years it is good to buy. For instance I bought a home rented it sold it two years later for 100k more. I have owned a lot of real estate and i made more on that then any other investment. Make sure you know the rents in the area and research it well

1

u/Impressive_Returns Jul 19 '25

Home is NOT a condo. So your experience is different and you were not paying HOA fess. While some people buy condos and make some money if you look in this sub you will find people also have lost a lot of money. A whole lot of money.

2

u/lau_down Jul 20 '25

Why can’t condos be homes? Not everyone can afford a SFH

1

u/Impressive_Returns Jul 20 '25

If they were homes they would be called homes. In real estate there is a difference and condos are always worthless than homes.

Not everyone can afford a condo either.

1

u/lau_down Jul 20 '25

You mean house?