New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 12 months ago on . Most recent reply
New Investor in Charleston, SC
I moved to Charleston last year and I’ve been living in a house that I own. I’ve been looking to purchase another property as a rental to hold onto long-term. I am currently under contract on a new construction condo about 25 minutes north of me, in Summerville. I look forward to being part of this community and leaning on the expertise of more seasoned investors.
Most Popular Reply
#5 Managing Your Property Contributor
- Property Manager
- Metro Detroit
- 2,650
- Votes |
- 4,305
- Posts
#5 Managing Your Property Contributor
- Property Manager
- Metro Detroit
@Joseph Ducharme congrats!
Just be aware of the HOA fee future.
Developers typically set the HOA fees as low as possible to get buyers in.
Once they turn the HOA over to a Board made up of actual residents, it's not a question of if, only WHEN HOA fees will be raised to where they should be.
This will adversely affect your cashflow, so you should plan for it.
- Michael Smythe
