2 min
Don’t Forget the Association Fee Russell Realty Minute with Evan Russell
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- Business
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/
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/
2 min