Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Cody Ronk

Cody Ronk has started 1 posts and replied 3 times.

Hey Jeff, I did buy the condo. 2 months later the HOA called an emergency meeting saying that a developer came in and bought 53/64 units. The developers announced a $20k special assessment to the remaining homeowners and just recently announced an additional $5k. They started a 6 million dollar Reno and will finish in March as of now. They bought each unit for $58k and put in (from heresay) another $50k. I think they're gonna make their moneys worth. Bit of a pain living in a totalitarian HOA tho.

I'm both a contractor and a user of Thumbtack. I've had mixed results as a user. I had a drywall contractor who never finished after constant delays on his part. I had a carpet cleaning guy that came in and did an exceptional job. As a contractor, it's a way cheaper way to gain leads than Homeadvisor and Angieslist. You'll have to vet a Thumbtack contractor the same way you do any other tradesman. It's just another way to source what you need. 

I'm doing some preliminary work on purchasing a condo in Mobile, AL, but the complex itself is a bit shoddy. It looks poorly run. Which led me to the question: Can I make money purchasing the Condo Association itself? As in, owning and operating the complex itself. Any thoughts or insights are appreciated.