Analysis: HoA vs CapEx for Condo/Townhomes
Hi,
When analyzing deal I am looking at Condos and townhomes here in NoVa which often have $200-$400 HoA fees.
At the same time I kept 8-10% for Maintenance and CapEx.
Is that overkill as HoA should take care of most items or still reasonable? Asking because HoA almost always leads to massive negative cash flow.
Thanks!