I drive by every property and check the front and rear and do a general assessment of the condition.

I have a potential deal that I wish to have your suggestons upon.I have an option currently and final purchase price including option will be between 892.00 and 3955.43.Value Information Land Mkt Value: $2,500 Improvement Value: $31,700 Total Market Appraisal: $34,200 Assessment %: 0 Assessment: $0 Building Information Building # 1 Improvement Type: 02 - DUPLEX Stories: 1 Base Area Sq.

He would do a contract but wants what the banks want and not giving me a hard number yet, just basing his number off of assessments and a package deal.

Who in their right mind would purchase a home or condo with HOA dues that could potentially become a victim of a special assessment due to the number of foreclosures.

I started out looking at Vegas condos in May & June of this before deciding on a SFR .... paid a little more but figure appreciation and rental income will be higher and more importantly, I won't have to deal with increasing HOA fees and the potential for special assessments.

Then there is generally a HOA Management company that recieves the money and contracts out the work and such.The complex can add items they feel are needed, and charge an additional assessment charge, for improvements to the grounds, which you really have no choice but to pay, sometimes they can be outrageous, for items of really no use, trees ect., a big and common approves condo association financial assessment charge is for repavement of the parking lot.

I am also looking for a seasoned investor in the area who may be willing to mentor me through a couple of transactions in return for gruntwork/property look ats/reduced assessments.

This helps me assess potential crime risk.Also, at one place I was sure I wanted, I paid the entire lease (12 mos) up front in order to get a 10% discount, after haggling them down from the initial asking price of course!

I'm normally a buy and hold kinda guy, so eventually, a condo will eat me up with special assessment unplanned for.

Your agent should also be able to provide assessment and sale histories.Check with Assessor and City Inspection people.