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Updated about 11 years ago on . Most recent reply

User Stats

27
Posts
5
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Mike Verrona
  • Jersey City, NJ
5
Votes |
27
Posts

Buying to Rent but confused with HOA/COA

Mike Verrona
  • Jersey City, NJ
Posted

i finished reading the helpful beginners guide here on BP. 

And, the users here have been much more helpful than I could imagine. 

I Am a serious newb and its good to now know some of the terminology for some of the strategies and niches I've always wanted to do even - before I knew how to properly explain it. 

buying a duplex/TRIPLEX is something I can def see myself doing while living in one of the spaces. Even if I just break even or have very little cash flow, as long as it's not a loss it's effective . 

If I own the du/triplex do I still have to abide to an HOA ? Is the HOA not a board organized by the owner and a few others to maintain the property?

Or, even if I own the building I will still belong to an HOA somehow?

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