Purchasing a townhome

[Richard Pennington]

So me and my future wife have seen hours of videos on the BRRR method, ADUs, cash on cash returns, and utilizing the way of adding equity into a home. We plan on using a money marketing account to save with until we buy our property to live in rather than it be a rental property after the next 6 years. During those 6 years I was curious to know is there any methodology to getting into a Townhome ( yes the HOA) and to come into it with an investors mindset. We want to use six years of a money marketing account with saving monthly but also be conscious of how to come into the Townhome on how to build equity within that. Any wide frame suggestions or is a townhome a bad plan due to the HOA ? Thank you in advance

[Benjamin Carver]

Most townhomes allows 6mo+ rentals. But always read the bylaws and covenants with agent. More than happy to show you how to do that. As long as you're doing longterm leases and you vett tenants well, HOA shouldn't be an issue. And there are workarounds for strict HOAs too which I'm happy to go over with together. I think townhomes in Raleigh are one of the best ways to get into real estate investing in the highest appreciation areas and much more affordably.