Won HOA Lien from Past Owner/Holding Currently

[Lady Dominique Casiraghi]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $24
Cash invested: $10

This is a buy and hold. Purchase through an HOA Foreclosure for $24k
The value of the home currently is close to $376k

Hire Attorney to handle foreclosure.. Took several years but we won, and the property is free and clear
If i was to sell I would make an approx profit of $376k minus $34k..
over a $340K profit

What made you interested in investing in this type of deal?

First attempt at HOA liens
Scary at first but we won. Took a few years.

How did you find this deal and how did you negotiate it?

Discovered it through a friend that was buying an HOA lien property, and we were looking for a cheap investment

How did you finance this deal?

paid cash

Lessons learned? Challenges?

Learned its good to have attorneys that understand HOA liens..
Stressful but well worth the stress

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

na