Updated about 7 years ago on . Most recent reply
Hoa issues yes or no?
Hello
I'm looking at a property that's for sale locally.
21% of ownership is investors and they are delinquent on their HOA dues. The community landscaping and maintenance wise looks like a mess but i'm getting a good deal on the property, would it be a good decision to invest in a situation like that. The area in general is growing slowly then other areas.
When I ran the calculator the cap rate was 12%.
Any help would be appreciated.