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Updated over 10 years ago on . Most recent reply

User Stats

193
Posts
88
Votes
Kim Handelman
  • Real Estate Agent
  • Guilford, CT
88
Votes |
193
Posts

Wholesale lead - Condo with $642 HOA fees OUCH! Worth persuing?

Kim Handelman
  • Real Estate Agent
  • Guilford, CT
Posted

Hey All,

I finally got my first call from my mailings and in the woman's own words "I'm desperate to get rid of it". Gorgeous "A" community but HOA fees are steep. Other comp units aren't selling - 2 have been on the market for almost a year. Usually I'd think if I could get it cheap enough then the rehabber could sell for less and turn it quickly but this HOA problem makes me think it may be dead in the water. Is there a way to save this or should I just walk away?

  • Kim Handelman
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