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Tax, SDIRAs & Cost Segregation

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Carlos Silva
  • Argyle, TX
9
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57
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Anyone know of a lawyer that specializes in HOAs

Carlos Silva
  • Argyle, TX
Posted Nov 7 2023, 17:05

My worst case scenario became a reality last night. The neighborhood HOA passed a motion to limit the number of rental properties. I just leased my home which was a primary residence last month. The max number of homes for lease is now 5%.

I believe it is wrong to make a change after I have already invested time and money into this house.  I should be grandfathered in until I decide to sell the property, not when the lease expires.

Should I try and fight this or is this a lost cause? I have another property with a HOA limit of 20%. There has been no issues there.

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