What are your thoughts on purchasing properties with high HOA costs? Reply below.

[Fiz Sam]

Hello BiggerPockets Community,

I'm currently exploring opportunities in the real estate market and am keen to understand more about properties with high Homeowners Association (HOA) fees/expenses, accounting for a significant portion of expenses. This is a property that doesn't cashflow because HOA expense is 12-15% of the property's monthly income. Given the fluctuating nature of today's market, I'm particularly interested in hearing from those who have recently navigated this terrain.

• Specific Experiences: Have you recently purchased a property with high HOA fees? What was your experience like, and how have these costs impacted your investment strategy and overall returns?
• Market Dynamics: With the current economic environment, how do you see high HOA fees affecting the long-term value and rental potential of a property?
• Risk Management: What strategies or considerations have you found effective in mitigating the risks associated with high HOA fees?
• Advice for New Investors: For someone looking into properties with significant HOA costs, what advice would you offer based on your experiences?

I appreciate any insights, anecdotes, or advice you can share. Your experiences could be incredibly valuable for myself and others in the community considering similar investments,

- Fiz