What he's wanting to do is at best misguided, he is misunderstanding the laws, or hopes no one will question his authority to do that.You need to know that in most states, hoa boards are almost totally unregulated, so if you don't stop him, he actually could get away with this scheme.

Tdsilk:Wow...this is a really opened ended question and totally dependent upon your personal financial situation.

So when you sell at 20 years you only make a total of $58,000 (in this example you do so with no money down, which means an infinite return on your investment).

:shock: :shock: :shock: :shock: :shock: :shock: :shock: :shock: Wow I am totally shocked really I ask for an answer and dang Tony you gave me the best answer I have gotten for some time now.

I think our reia in atlanta is actually $275 per year and I would say it is totally worth it.

To be eligible for inclusion into the mortgage, the energy efficient improvements must be "cost effective," i.e., the total cost of the improvements (including maintenance costs) must be less than the total present value of the energy saved over the useful life of the improvements.

This will be the total of all loans against the property.

Short of that, $1M in sustainable receivables each year (Total Income).

yea man totally agreed :D

If you do the math carefully, the total outlay, including the closing costs, loan points, and holding cost, before the sale may well go over what a hard money lender is willing to go.