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Updated 2 days ago on . Most recent reply

Eyal Goren's profile image
Eyal Goren's profile image
Eyal Goren
  • Investor
  • Member since Apr 22, 2022

User Stats

49
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17
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Eyal Goren's profile image
Eyal Goren's profile image
Eyal Goren
  • Investor
  • Member since Apr 22, 2022
Eyal Goren
  • Investor
17
Votes |
49
Posts
Buying & Selling Real Estate

HOA is on tenant/landlord in Detroit?

Eyal Goren
  • Investor
Posted

I'm looking at a condo waterfront deal in Detroit.

The HOA is about $2500/month or even more, and I see rent for this area is about $1900. How can that make sense?

Asking - $140k

ARV - $300k

Rehab - $130k

Detroit, Michigan
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