I am about to place an offer for a condominium however it has 24 months HOA rent restriction. Even though I plan to live in the house, this is a bit concerning as I might have to move out of state by end of the year and will need to rent this out. I am trying to make my mind up and see what is the probability I can't rent this out before 24 hours.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
5y
If you think you might have to move and can’t afford for the property to sit empty for 12 months, buy something else. You’ll be signing a form that says you know the property you are buying has restrictions. There’s no good reason to buy a property in a state you might be leaving 10 months later anyway. If you lived in another state would you have come here to buy this property? It doesn’t seem likely.