17 May 2024 | 13 replies
Before that, I engaged in the Vero Beach, FL condo market, but opted to sell my properties there due to weather and rising HOA fees.
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16 May 2024 | 2 replies
I'm grateful for any insights that can help me make a well-informed decision about this potential investment.Thank you in advance for your time and contributions to the discussion.Property Key Features:NO HOA 11%-14% ROI (via Airbnb) Class B+/A+ Lakefront Sits on a double lot Immense appreciation growth expected in next 5 years.
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16 May 2024 | 11 replies
Plus you have to deal with HOA restrictions, possible special assessments, etc.
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16 May 2024 | 2 replies
I recommend checking with your HOA to see if you can rent out your condo and if there are any rental restrictions.
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16 May 2024 | 10 replies
Is there a place that I'm supposed to be looking up the details like taxes, hoa, photos, etc that is understood amongst each other?
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16 May 2024 | 9 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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15 May 2024 | 6 replies
Regarding Mecklenburg (Charlotte) specifically, many HOAs have rental restrictions (such as a minimal lease requirement), which can make STR tricky.
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16 May 2024 | 13 replies
Eventually the lender or HOA will foreclose and there will be an auction and a new owner.
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15 May 2024 | 6 replies
Every owner wants low HOA Dues and then something expensive comes along and they all cry that it's not fair they need to pay an assessment.