Real estate investor Graham Stephan advises against investing in condos, citing them as “terrible investments” compared to single-family homes. Stephan highlights the benefits of owning land with a single-family home and the potential pitfalls of condo ownership, including high HOA fees. He also suggests that renting may be more cost-effective than buying a home in the current market, especially in areas like Las Vegas where home prices would need to drop significantly to match rent prices. Stephan is cautious about real estate investing at the moment, waiting for prices to decrease before making a move.

Read more at Yahoo Finance: Graham Stephan Tells People To Stay Away From This Type Of Real Estate Investment