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Updated almost 10 years ago on . Most recent reply

Anna Buffkin's profile image
Anna Buffkin's profile image
Anna Buffkin
  • Investor
  • from Pawleys Island, SC
  • Member since Mar 18, 2015
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Anna Buffkin's profile image
Anna Buffkin's profile image
Anna Buffkin
  • Investor
  • from Pawleys Island, SC
  • Member since Mar 18, 2015
Connect
Anna Buffkin
  • Investor
  • Pawleys Island, SC
384
Votes |
324
Posts
Multi-Family and Apartment Investing

First Condo/ HOA property

Anna Buffkin
  • Investor
  • Pawleys Island, SC
Posted

i am looking at a condo on Friday in Columbia, SC. While I have rental property, this is the first condo I have considered purchasing. In addition, this is the first property I have considered with an HOA fee. I am looking at buying the condo for $20k with a rental history of $675 a month, but it has a $180 HOA. The cash flow works for me though. Does anyone have any HOA thoughts or horror stories I should consider? Also are there any differences between SFH rentals vs condos that I should consider?

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