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Updated over 4 years ago on . Most recent reply

Chad Putney's profile image
Chad Putney's profile image
Chad Putney
  • from Syracuse, NY
  • Member since Sep 7, 2020
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Chad Putney's profile image
Chad Putney's profile image
Chad Putney
  • from Syracuse, NY
  • Member since Sep 7, 2020
Connect
Chad Putney
  • Syracuse, NY
0
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4
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General Landlording & Rental Properties

Advice on Prepaying HOA Fees

Chad Putney
  • Syracuse, NY
Posted

Good morning BiggerPockets,

I currently have one door (former primary residence purchased with a FHA loan) that is a single family home with a HOA. I am actively looking to purchase a multifamily property and want to reduce my 2020 taxes from my W-2 job as much as possible and put any refund towards my down payment. I'm wondering if anyone out there prepays some of their expenses like HOA fees (or others) in advance and what potential negative impact, if any, it could have down the road that I am not seeing?

Thank you in advance!

Chad

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