All Forum Posts by: Laura Gershman

Thanks Bill. I think that's key - ASK.

Hi! I am interested in buying a condo for my elderly parents to live in. Most of the condos I am interested in are either owner-occupy only or the owner must reside there 1-2 years before renting. Have you heard of HOA boards making exceptions for cases such as mine? I would imagine it's pretty common for parents to buy condos for their kids, or vice versa. Thanks!

Newbie question - I'm interested in investing in a condo as a rental property. How does one know before putting in an offer if the HOA will allow the unit to be rented (not owner occupied). My understanding is that most HOAs have a certain percentage cutoff of units that can be rented. How would I find out if that cutoff has been met? Do people just put in an offer and wait until it's accepted to find out, then pull out of the deal if not allowed? How is this usually done? Thanks!