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Rehabbing & House Flipping

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Tanner Grindel
  • Flipper/Rehabber
  • Fort Lauderdale, FL
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18
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Hoa Lien Issues with HOA owner

Tanner Grindel
  • Flipper/Rehabber
  • Fort Lauderdale, FL
Posted Jan 28 2021, 07:41

I am looking at a flip (condo) that has 25k in HOA liens and the wholesaler that brought me the deal said that the guy who owns the building is being difficult about getting the liens decreased. What tactics have you used to help decrease these fees. The unit is for sale for 65k (800sqft) needs a full reno including mold remidiation and new ac. I am seeing that it is only worth about 90K. I am thinking it may not be worth the hassle.