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Updated almost 7 years ago on .

User Stats

582
Posts
526
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Rodney Sums
  • Laveen, AZ
526
Votes |
582
Posts

Question about building credit for an HOA

Rodney Sums
  • Laveen, AZ
Posted

I was asked to be a part of the HOA board of a town house I own. I don't have any experience in that regard but felt it would be a great learning opportunity. I am very interested in this HOA budgeting for remodeling the exterior with all the development going on in the area. This HOA is a non profit and has no business credit. I considered investigating acquiring credit cards or other lines of credit to facilitate this. Any input is appreciated, thank you.