I purchased both a 2 br condo and a 1 br condo in the same complex; made money on the 2 br; lost money on the 1 br. Granted the 1 br was bought at the peak but my opinion/lesson learned too late is that 1 br’s have very little upside and a lot of downside. The resale market is limited to a single person or couple with no kids so your buying pool is diminished. I would buy another condo again in the right project but not a 1 br. Stretch for a 2 br. or don’t do it unless you don’t plan to sell the 1 br again for 10-15 yrs.
