All Forum Posts by: Troy F.

I recently found a deal that looks pretty good and a partner willing to go in on it. The question I have not heard answered on the podcasts is, how do you partner with someone?

Who is on the title? Who pays the bills? How do you split cash flow and bills. I realize there are many answers but would like to hear what others who have had success in this process have done.

Great information. Thanks!

Has anyone ever purchased an investment property only to find out it is not eligible to rent due to the HOA rules?

I just bought an investment townhome. When I found the home MLS said Rentals Authorized. I reached out to HOA three times with no call back. In hindsight that should have been a red flag. Three days before closing my realtor was able to get ahold of and sent me the HOA documents. We both reviewed them and came to the same conclusion, no rental restrictions.

One month later after rehab and all set to rent with the property manager I reach out to HOA to keep them apprised of what I'm doing. At that time they point out the paragraph I missed that stated you must live in the home 5 years before being eligible to request to rent.

Looks like my only course of action is to sell, right? What is the realtors responsibility in all this?