@Arthur Voskanyan Apartment buildings are owned by a landlord and all amenities and common areas are paid for by the landlord. They do not have HOAs.
With condos, each Condo unit is owned separately and the owners also own a partial interest in the common areas and amenities. The common areas and amenities in condo developments are paid by dues.
While not extemely common, there are MULTI's that belong to HOA's. Only one I've considered purchasing the building owner paid the HOA.
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
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing