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Updated over 4 years ago,
New Guy - Question with HOA Fees
Whats up guys,
I am brand new to this space, I just finished reading the BP book on investing along with a few others. I do not own any realestate yet, but starting to learn my market (South Florida: Boca Raton).
This is my game plan so far: Find a 2bed 2bath apartment for around 130k or less which can rent out for $1400/month. The issue is my market is infested with HOA's. The cheapest is $277 a month up to $450 a month. Some include water, cable and insurance. Although its ideal to not have a property with an HOA (as ive heard), I may have to bite that bullet to grow in my area. (Boca Raton FL)
Just reaching out if anyone has advice or guidance when looking at these types of properties!
Thank you in advance!