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8 October 2020 | 4 replies
@Greg Scott, that's what I figured...the HOA said say they are responsible for everything on the outside
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9 October 2020 | 4 replies
I know condos typically have a very high HOA fees, which I have already baked into my numbers.
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30 October 2020 | 9 replies
You've received some good input from others, I would also strongly recommend building up a healthy sized reserve for the worst case scenario of having to carry all costs by yourself (non performing leases on the house hack), OPEX and CAPEX costs, HOA, etc.
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11 October 2020 | 6 replies
I’m looking at various complexes, and there a few categorieS of Price versus HOA. 1.
10 October 2020 | 1 reply
If you own several properties in one development, will deeding them under one LLC allow you to only be responsible for one HOA share payment and assessment under the LLC or are you still responsible for each property?
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14 October 2020 | 11 replies
The complex has an HOA in place, numbers are workable (would like to get the price down some-have Not made an offer).
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11 October 2020 | 10 replies
I know HOAs can be very high but other than that and repairs/capex, anything else we need to account for?
11 October 2020 | 0 replies
Here are the numbers.AssetsCash $111KPrimary residence $900KRental property #1 $105KRental property #2 $155KLiabilitiesPrimary residence mortgage $765KRental property #1 mortgage $25KRental property #2 mortgage $105KMonthly IncomeW-2 $6,222Rental property #1 $1,108 (after prop mgt fee)Rental property #2 $1,080 (after prop mgt fee)ExpensesPrimary residence mortgage PITI $4,337Primary residence HOA dues $435 Rental property #1 mortgage $706Rental property #2 mortgage $772
24 October 2020 | 1 reply
HOA is in great shape, units were rehabbed, rented with tenants current, both have 30% or more equity.
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12 October 2020 | 7 replies
Same cash, but I'd argue strongly for the latter, as there is really no such thing as owning a house "free and clear" - since you'll always have a perpetual lien against your property called property tax and maybe even an HOA.