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Starting Out
HomeForumsStarting OutBuying Condos/Apartments with HOA?
Chance Cooper's profile image
Chance Cooper's profile image
Chance Cooper
  • Real Estate Investor
  • from Raeford, NC
  • Member since Aug 10, 2014
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Chance Cooper's profile image
Chance Cooper's profile image
Chance Cooper
  • Real Estate Investor
  • from Raeford, NC
  • Member since Aug 10, 2014
Connect
Chance Cooper
  • Real Estate Investor
  • Raeford, NC
39
Votes |
137
Posts
Starting Out

Buying Condos/Apartments with HOA?

Chance Cooper
  • Real Estate Investor
  • Raeford, NC
Posted Jan 17 2015, 15:22

I know a lot of you guys are against buying anything with an HOA due to it interfering with cash flow however…In Myrtle Beach SC you can get a nice Condo/Apartment for about 35-50k…My question is, if you pay cash for one and only have to pay the HOA fees and it stays rented all the time wouldn't this be a good investment?

I am thinking if I can get rid of the mortgage by paying cash and only have an HOA every month, keep it rented I would be good. If you have a mortgage and HOA fees then I can see the problem.

Thoughts...

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