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Updated almost 10 years ago on . Most recent reply
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Getting around HOA allowing only owner occupancy
Hello BP. I was looking at some pre- foreclosures and found a condo that I know only allows owner occupancy. I was wondering, out of curiosity, if one could do a subject to (assuming the numbers work) and do a rent-to-own on something like this. Has anyone dealt with a situation like this and has the HOA had an issue with it? Or is there another way of doing a deal like this?
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- Investors make it work but not buying condos with rental restrictions. It isn't worth getting stuck with a property you can't sell and cant rent. Though IMO I would never buy any condo ever
- Brie Schmidt
- Podcast Guest on Show #132
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Second City Real Estate
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5.0 stars