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Updated over 1 year ago on . Most recent reply

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Rabia Khan
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First investment property

Rabia Khan
Posted

should i buy an apartment/condo to rent out as my first investment property?

Houston, Texas
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Replied

@Vasudev Kirs all HOAs have bank accounts that are able to pay for capital expenditures in the development. The money comes from the HOA dues, but if the company mismanages the funds or has high overage and people not paying, the money in the account is soft which will make it harder for lenders to lend there.

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