I own my own house and am looking to purchase a townhome investment. The townhome has a HOA....
Whenever I refi my house I have had a pretty smooth experience. When I am purchasing my townhome the lender wants extra stuff from HOA and it turns out HOA is under litigation. So very painful process.
q: When you guys refi your property (under HOA) is it more difficult. Do you run into issues.
I think you answered your own question @Roy Mitle .
Hello @Roy Mitle ,
This is actually one the main reasons HOA turns off investors. Moreover, if community is more than 50% rentiers than owner occupied it becomes almost impossible to refi or HELOC.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you