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Updated over 4 years ago on . Most recent reply

Shalini S.'s profile image
Shalini S.'s profile image
Shalini S.
  • Member since Jul 11, 2020
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Shalini S.
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Shalini S.
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Local Real Estate Networking

Rentals with high HOA

Shalini S.
Posted

What are you thoughts on buying properties with high HOA and renting them out. Any success stories with good cash flow? I live in SoCal and HOA in some areas is upwards of 500 per month. I want to buy a small multi family and house hack. Not sure if I would have a positive cash flow at all with mortgage

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Kris L.'s profile image
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Kris L.
  • from San Antonio, TX
  • Member since Feb 24, 2019
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Kris L.
  • San Antonio, TX
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@Shalini S.

Also need to be careful because some HOA's have rules on how many houses need to be owner occupied. If they are at or over the limit, you might not even be able to rent to out.

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