Can an HOA stop me from flipping a purchase i just made?

[Meti Kay]

Originally was planning on renting a condo I just purchased last month did some minor renovations but the market is really strong and I think I can make a nice profit if I flip.. I put the normal %20 down non FHA loan (traditional conventional loan)... any advice.. I believe I can make a quick 25k opposed to 4-500 cash flow Any advice would be appreciated Thank you

[Phil Weiler]

Generally no. Since you already have purchased the property. However end of the day you are dealing with people and the HOA bylaws. I'd talk with them and tell them your plans have changed and you are now needing to sell the property. I'd avoid language like flipping and investing. Condo associations tend not to like those words.