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Updated over 3 years ago,
Condo with high HOA due-good investment
I am looking to invest in a condo in Chattanooga . I can probably get it for 175k but the HOA dues are 430/mo. It's a 2/2 and can likely get $1700 rent. The cap rate is low but it is almost 1% rule. So I think the HOA dues are throwing off the cap rate. Thoughts on investments with HOA dues???