Condo Conversion, good investments, Yes or No

There are more and more condo conversions on the market today. I feel that these properties when built are built with less sound proffing in the walls. The are cheaper and look more like rentals than condo's

I have herd over and over again that a lot of these projects are converting back to rentals. What I have seen is if they are low cost Condo's they are still moving, slower but still moving. The more expensive properties are offering more and more incentives for buyers that walk through the doors.

I have never been big on investing in condo's for investments. I have known friends to do well but I have also known about a lot of losers as well. We have a property that was converted three years ago the property has the worse sound proffing and when you are  visiting someone or showing in a unit, you can hear normal conversations through the walls, To me this is just not acceptable.

I prefer to gamble on Townhomes, Villas and Duplex, triplex and quads. I have personnally done well with these properties and have found easier turn over. I am sure the conversions will still be turning the amount has diffently dropped. With buyers sitting back on the side lines I think I will wait to see the market drop a little more before I jump back in the investment arena