Mark Broadway
Analyzing rental properties
16 November 2019 | 4 replies
look into condominium reserve studies for some good examples of how to plan your reserves), in my area my insurance goes up about 4% annually and my taxes about 4-5% so I try to put a little buffer in for that as well.
Noami Chaudhary
Property Investment in New York City
3 December 2019 | 4 replies
Purchase price: $690,000 Cash invested: $390,000 Single unit condominium How did you find this deal and how did you negotiate it?
Cliff T.
Anyone have experience selling a deeded parking spot?
12 February 2020 | 16 replies
. §1.121-1(e) (1)Dwelling unit definedFor purposes of this section—(A)In generalThe term “dwelling unit” includes a house, apartment, condominium, mobile home, boat, or similar property, and all structures or other property appurtenant to such dwelling unit.
Nathan Williams
lender wants copy of Master Insurance Policy... HOA refuses?
29 October 2019 | 3 replies
I am an Illinois real estate attorney and I admit I am unfamiliar with Indiana condominium law.However, I believe that a condo owner in any state has the right to request and receive a copy of any document in the possession of the condo association.In Illinois, the condo HOA/Management company has 30 days to deliver a documents I have requested in writing, in Florida I think it's 5 days.But, most HOAs will cooperate with and respond quicker to a lender.It is possible that there was a miscommunication between your lender and the HOA.Perhaps the lender did not put their request in writing and give them your name and unit location.Perhaps the HOA requires that a fee be paid, such as the fees charged for a Condo Questionnaire.Perhaps the HOA requires you to "sign off" on this issue/written signature release.Regardless, you should contact the HOA/management company yourself and ask them why they denied your lender's request.Finally, you may find that the lender also wants their name to show as an additional insured on the Master Policy and if so, this HOA must become much more cooperative.Good luck.
Michael Janke
Buying with existing section 8 tenants
29 October 2019 | 9 replies
My brother owns a condominium that he has been renting out to a Section 8 tenant for over 20 years.
Caroline Widjaja
Anyone is currently using FHA Spot Approval?
28 October 2019 | 0 replies
HUD stated that as of October 15, FHA will insure mortgages for selected condominium units in projects that are not currently approved.
Jonathon Thompson
Condominium Cash Deal-Buy and Hold.
11 November 2019 | 1 reply
Investment Info:
Other buy & hold investment in Newport News.
Purchase price: $50,000
Cash invested: $50,000
Cash Deal on a Turn-Key 2bd 1 ba condo.
What made you interested in investin...
Christopher Holba
Two Bedroom Condominium Near the Water
18 December 2019 | 0 replies
I am a pitcher in the STL Cardinals organization and am in the market for a two bed/1bath condominium or apartment unit within 30 minutes driving commute of Roger Dean Stadium in Jupiter, Florida.
Thelma Ojedis
Owner of condo vs HOA
23 January 2020 | 8 replies
Regardless of what ever agreement you reach with this individual, no signatures should be given until you have been furnished the Declarations of Condominium by the owner.
Scott Donnelly
HOA Fees - One Unit not paying as payment for self-management
15 February 2020 | 3 replies
I have 2 condominiums that I rent out and it is the same for both.