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Updated about 5 years ago on . Most recent reply

Investing in a condo with an HOA?
I'm looking at buying a single condo, not the building. The numbers all run great with a CoC ROI of 14%. I'm a first timer and don't know if there's any risk in having to pay a $200 HOA--that includes lawn and snow removal. Also I would not need to worry about replacing roof or exterior of building. Does anyone have any experience or cautions about buying a condo like this? Thanks :)
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Also be mindful of rental caps. I had to pull out of a contract for a condo because they had a cap on the number of rentals in the complex. Even if there isn't one now, doesn't mean that a cap cant be introduced later.