Updated about 5 years ago on . Most recent reply
High HOA Fees - Orlando / Oviedo UCF Area
I am currently looking into condos, SFR, and townhomes in the Oviedo, Fl area. I have been running the numbers on 10-15 different properties my realtor has provided and continue to find the HOA fees are turning each deal into not casflowing. I wanted to get some advice from the BiggerPockets community on what you have found with deals where the HOA seemed steep ($250-350/month) and what maintenance and other expenses you can eliminate from your analysis when running the numbers. I removed the capital expenses that wouldn't be necessary with the HOA (roof, landscaping, exterior paint, etc.) but was hoping to get some advice or personal stories from others on high HOA fee properties.
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So where did you end up? Did you go SFR or Condo or Townhome? Any amenities you have with the one you choose?