All Forum Posts by: Ryan Reddi

Thank you Walter. Appreciate it!

Going to sign contract very soon for a SFR in OKC area. This is my first time buying a property with HOA, I have no experience in dealing with other than living in a apartment. What are some gotchas I should be aware of ? What to documents to request from Seller or HOA before I close this investment property?

Thank you KC for taking time and providing detailed response. This is very useful.

Newcomer in the investment world, I apologize if this question seems straightforward and may have already been addressed elsewhere in this forum.

I'm currently contemplating the purchase of a newly constructed property and attempting to assess significant future expenses. I've been informed by builders that they provide a full warranty for the first year, followed by a warranty for major items for the next 2-3 years. However, I'm uncertain about the practical aspects of how these warranties function in case of issues.  I'm curious to know how much you would recommend setting aside for the following:

1. Regular wear and tear
2. Capital Expenditures (such as HVAC, etc.)

Will it differ between SFR & MFH?

My anticipated holding period for this investment is over 10 years.