The recalibration of reserve studies to account for these increases is inevitable, and unfortunately, this will likely lead to higher dues or special assessments, which can hit both residents on fixed incomes and investors hard.

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

Long answer - it's complicated.For 2024 you have a personal residence with room hacking.

If the property appraises for $500,000, you would only be able to cash out $375,000.Would this still be true as a primary residence or would we be able to find something like 5-10% down on a 30 yr loan?

Investment Info:Single-family residence wholesale investment.

Investment Info:Single-family residence buy & hold investment. 4 bed / 4 bath, 3500 sq ft

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

No one has abused the policy as the only residents who've activated it have done so during a period of their own hardship (e.g.

This protects you from potential scams.

I got all sorts of calls, usually some were just curious, some were angry, every month someone called the police, the BBB and one time even the FBI on me, because the term "cash offer"" seemed suspicious to them - drug money LOL A place officer called me on behalf of a resident asking me to stop mailing them, to which I replied: sure whats their address and he said: he would not give me that information..