Condo Buying Must Know

[Felipe Soto]

Hi ALL,

I feel pretty sufficient analyzing the purchase of an apartment from going through the financials and physical aspects of due diligence. However, I’ve never bought a condominium apartment that’s being sold in pieces (IE. 40 out of 220 units). 

It is my understanding that the HOA must be carefully analyzed. This has help me back and I feel like I may be missing opportunities by not getting myself well versed in this area.

Where could I get myself educated in this area? I would like to overcome this obstacle. 

Again, if we're taking about a non condo multifamily purchase, I have no issues. The HOA analysis is what has me a bit scared from moving forward.

Thanks all. 

[Felipe Soto]

That's exactly my thoughts. I rather stay away unless, there is an opportunity that makes sense and there is controlling opportunities with the HOA. Thanks.