Amy Fortes
Massachusetts Condominium by-laws
Hello,
I am a landlord of a condo in Massachusetts and am considering selling while my tenants are still in a lease term with me. I think there may be some condo rules/by-laws that prohibit this (that when a unit is...
Sadaf Mik
Condominium-HOA 50 year lifetime?
Has anyone ever heard of the “fifty year” thing with condos? If yes, What does that really mean and what would it mean to the owners if the HOA decides to sell the land after fifty years?
Sam Shah
Considering a property in Hartford, CT area
Hi Everyone,We are considering purchasing a 12 unit property in Hartord, CT area. We don't live in the area. We live upstate NY. We have a good agent who has sent this deal our way. I'm just doing some due diligence i...
John Arendsen
For Folks Living In RESIDENT OWNED Manufactured Home Communities
Frequently Asked Questions:Q. Does our condo park and association need to become approved by FHA or HUD before FHA reverse mortgages can be insured? A. Yes. The HUD Mortgagee Letter issued new guidelines for manufactu...
Mark Guagliardo
What is a Condominium Property Regime in Hawaii
What is a Condominium Property Regime (CPR) in HawaiiCondominium Property Regime (“CPR”) refers to the specific form of ownership and governing process created when real property becomes a condominium. The process of ...
C Folland
Hello from Miami Beach Florida
Hello! I am a real estate attorney and investor here in Miami Beach Florida. I really enjoy this forum and reading about everybody's real estate deals and questions. Everybody has such great questions and comments....
Collin Hays
Condo Caution in the Smokies
I had an inquiry today from someone interested in buying a condominium in the Pigeon Forge area to rent out. I am going to put this as bluntly as possible: Condominiums in the Smokies are not good investments. They a...
Soheil Naimi
Condo Conversion project in Los Angeles
Potential condominium conversion project in a nice area of Los Angeles.
Purchase price $10,000,000
ARV $13,000,000
For those not familiar with the process, I can help with the work. The subject property is a clas...
Jason Mak
Is Onsite Management Required for Large Condos?
Hello all,
I am in process of looking at a condo conversion deal in Pasadena, CA. This is a 28 units condo conversion. While an onsite manager is required for all multifamily apartment buildings over 16 units, does...
Ryan Kovacs
Help with Co-Op to Condo Conversion and Lending
Hi Everyone! So we have a pretty rare situation on our hands. We purchased several units that are in a Co-Op style property. Does anyone have any experience with Co-Op to Condominium conversions? We would also like to...