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All Forum Posts by: Steve Sun

Steve Sun has started 2 posts and replied 3 times.

thanks so much, Patrice!

Hello all,

I am currently owning 7 out of 8 units in a small condo association. Each unit pays 200 for HOA fee.

Does it make sense if I acquire the last unit I havent own and convert all units to a single multifamily property? The reason for me is that I can increase cap rate by not paying HOA fee every month(7 units x 200)..Any pros and cons?

please advise

thank yoou

Post: Hello from New Hope Pa

Steve SunPosted
  • Investor
  • New Hope, PA
  • Posts 3
  • Votes 0

Hello 

my name is Steve. I am from Taiwan and live in New Hope, pa now. I am  newbie and started investing 3 yrs ago. Most of my properties in Hunterdon county.. Looking to buy surrounding area(mercer county, Philly..etc) I am also licensed real estate NJ and Pa. Looking forward to network with like-minded people and learn!