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All Forum Posts by: Alissa Laffer

Alissa Laffer has started 1 posts and replied 2 times.

@Mel Hayes Fannie/Freddie have a cap on investment property lending for now with no end date. You may want to look for a portfolio lender and do a non-conforming loan for a cash out refi on an investment property.

I am looking to invest in a condo in Chattanooga . I can probably get it for 175k but the HOA dues are 430/mo. It's a 2/2 and can likely get $1700 rent. The cap rate is low but it is almost 1% rule. So I think the HOA dues are throwing off the cap rate. Thoughts on investments with HOA dues???