Louis Zameryka
Under Contract and Mortgage Terms Just Changed
I’m under contract for a condo for STR and I underwrote with a typical mortgage but my lender just came back after my initial approval to tell me that as of Jan this year Fannie and Freddie now consider the developmen...
Sam Leon
Equipment breakdown endorsement coverage
Can someone help explain to me what an equipment breakdown coverage is? I mean I Googled it and read it and still am unsure what it really is.We own a condo unit in a small building of 8 units. There is an HOA. The...
Ryan Patton
Condo Purchase and HOA Dues
Hello All,Have a question that I wanted to see if I could get some input on. I am looking at 3 condos in a complex that has a total of 32 condos. The condos are typically priced about 65k-75k/each. Have an opportun...
Steve L.
Running a Home Owners Association?
I own quite a few condos in one complex and I am now on the board. Does anyone have experience running a home owners association? Our group has 4 out of 5 positions. Any tips? Any things to avoid?
It is in...
Pete Z.
Investing in condominiums
Hi,Just wondering if there is anyone out there that invests primarily in condominiums as a long term buy and hold strategy. I currently have 54 and it has worked out fairly well over the past 17 years. I would like ...
Kevin Fintland
HOA trying to collect reimbursement for cost not my fault. Threatening a lien.
State: California
In January of this year I needed to replace the hot & cold water fixtures in my master bath. As I am on the 3rd floor of a 3 story condo complex, and the 2 units below me all share a common wate...
Melody Liao
Water damage caused by upstairs neighbor (no insurance?)
Hi all, I'm looking for any legal advice and feedback on going through CA small claims court. In short, our upstairs neighbor's toilet valve broke due to wear (suspected from manually twisting it to stop water flow), ...
Uneeq Khan
Unruly Resident in community complex
I'm part of an HOA board and we have to uphold the rules set by the County in regards to recycling. Simple, flatten boxes and cut them down to size to fit the containers. One resident did not do that and just threw un...
Mike Makkar
HOA Assessment of $288, but $900 in late/collection fees!!!
Before, I get flamed for acquiring a property with HOA, I want to get some advise from the BP community on dealing with this. One of my properties that was recently transferred from property management has unpaid dues...
Shu Zhu
Surprise $2000 fine from HOA
Hello all. I own a condo in Las Vegas, which was transferred to me in 2015 from my mother who bought for investment. Never missed HOA fees. Just got a delinquent fine notice and a $2000 bill from the HOA. Called and i...