An individual investor purchased condominiums one after another for investment purposes. He invested in real estate by borrowing a large amount of money after jointly securing all the condominiums he invested in. After that, the number of vacancies increased and it became impossible to repay the large amount of debt. As a result, even the condominiums with rental income were foreclosed.
Investing in condominiums is not a wrong way to invest. However, by investing one after another, you may become accustomed to investing and borrowing money, and you may not be able to pay attention to each property properly. As a result, you may end up with a high vacancy rate or neglecting to repair each property.