Just bought a condo yesterday, upon closing it was disclosed that the HOA did not cover insurance (outside the studs) which is typically covered and is a substantial amount in the Texas Gulf Coast.

Rents in LA can be substantial.  

Is this a market I can expect substantial cash flow in & the 1% rule is applicable or is this a high appreciation market where a large downpayment may be required for cash flow.

., was one of the beneficiaries of this trend, with in-migration contributing substantially to the metro’s stability during the past 12 months.

if your just looking to flip you can hurt people real bad if you run them out of time and dont close its very dangerous for the person in foreclosure to deal with anyone who cannot actually close.IF you have the cash to close ( we have done a ton of pre foreclosure work before the laws changed) then it can be a good source.But do check with a LOCAL attorney and make sure there are no pre foreclosure laws like there is in many states.Violating those laws are felonies with substantial fines etc.

Hi @Sneh Pandya, does your monthly mortgage and HOA expense include other things that are substantial such as the monthly property tax, homeowner's insurance, and potential property management expense if you go that route? 

Many of our sophisticated investors are only doing AirBnB due to the substantially greater cash return.

We bought it during COVID then the tenants stopped paying and we still were able to sell at a very good profit because we bought it right and updated it where we knew we could ad substantial value.

Hi all,a few days ago i sign my first lease on my first rentalA little background,1 bedroom unit in a top Chicago neighborhood. beat down unit purchased for 140K cash, I did a gut rehab almost all by myself and was able to get the place looking amazing for the reasonable price of about 25K.all in all with closing and carrying costs I'm 170K inannual expenses: $8250, annual income: (with 5% vacancy) $22250. cap rate a little over 8%, not bad...however, im looking into my next one and i cant let a substantial chunk of my money sitting there.i spoke with my mortgage broker and he said that i can cash-out refi any time i want. but, as long as its under 6 months from purchase date, the bank will only appraise it for the purchase price, 140K. if i want to get it apprised for ARV of say 180K and pull more money out, i have to wait for those 6 months to pass.anyone had any success by-passing this somehow?

Usually there’s a substantial boost in sales price for units in June (compared to the previous December).