I am trying to wholesale a condo and in order to do so I need to see the HOA bylaws to make sure that there is no clause prohibiting flipping etc. The sellers are wrapped up with tons of personal stuff and aren't getting back to me. is there a way to get these documents? Are they part of the town records? I called the town hall and the assessor and the town clerk had no idea.
I would find out who the management company is for the condo and contact them directly for the bylaws. You may have to get the owners permission. Honestly, if I were you I wouldn't waste time trying to sell it to another party without having them because as a condition of closing you need to provide the other party with that. I just sold my townhouse here in Houston and I got the bylaws directly from the management company. I could download them right off their portal after logging in as an owner. If I needed a printed copy I think it was $100.
Ask the seller who the HOA is, contact them, and ask them how to obtain subdivision information. They will either have you do it on their website, or you may have to email them the request. You will always have to pay something though, so it is best to get the seller's to do it.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Get the Ultimate Beginner's Guide
Sign up today to receive the popular eBook for free!