I just purchased a condo in Lowell, MA (there are three condos in this situation), and it currently doesn't have any HOA with it but it has all the necessary HOA, it just doesn't have a structure for how much each owner is supposed to pay each month. I'd like to establish it but not sure if I need an attorney to do that since we only have three owners. Or can I just meet up with all the parties and create some kind of contract?
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
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing