real estate as an investment?

[Jocose]

Just a Guy and Marina628,

which type of property is more profitable: condo, town-house, house?
Yes, all of them have own pros and cons. Let's say in a house upper level, basement and garage could be rented as separated units, which will bring the total income up. However, condo in general will cost less and could be paid off faster and then start generating way bigger income.

What does your personal experience say?

Thanks!

[marina628]

I don't think I can give one answer as there are so many other factors such as location , condition of the property ,if they are done to code to have multiple units.The list can go on from there.

[Just a Guy]

I'd agree. Plus there are other benefits/drawbacks. For example a condo means less maintenance, but it can also mean problem neighbours. It can also depend on location, some places the garage is expected to be included, other places you can charge more. You need to evaluate each property on its own merits.

You may want to email the guy who wrote that book, he's very responsive I've found, and may offer you another opinion.