Home Owner Association (HOA) Issues & Problems

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Malcolm Keegan
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Can HOA Mandate purchase loan type to allow use as rental?

Posted Dec 4 2021, 15:41

I’m considering an offer on a condo. The selling realtor is stating she is unsure it can be a rental unless it is purchased in cash or with a portfolio loan.  

I can understand the % of HOA rentals influencing but have not heard of this authority level before over loan type. I am convential 80% down buyer. Thoughts? How do I minimize my rental risk if I move forward without the answer?

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