All Forum Posts by: Charles Romano

@Kevin Sobilo Thank you so much. I really appreciate it!

Hi there, we are just pulling the trigger on a STR in The Hideout right by Lake Ariel. I've heard about the Pocono Promise, although am surprised at how hard it has been to get a decent referral or recommendation for an Inspector and Buyer's Attorney.

Would appreciate if anybody has any recommendations for either. We've gone through multiple that our realtor shared with us and did some outreach from what we've researched online, but can't even get a call back.

Investor in Horry County and would be interested in hearing more about what you're looking for. @Chris Rosenberg, is it possible to attend or participate virtually? I'm an out-of-state investor based in NJ.

Would be happy to pay you something for your services and can help walk through some tips/analysis. Shoot me a message.

@Paul Linnertz Excellent deal! I invest in the same area and there are great values this time of year. Well done!

Hi All,

Lurker, podcast addict, investor in Myrtle Beach SC, NY, and NJ, and finally publishing my first post here. Was curious what the community's thoughts are on condo investing evaluations.

While many HOAs are different, I find it to be very common for HOAs to cover landscaping, exterior renos (roofing, siding, etc.). That said, when evaluating investment opportunities for SFH, I factor in 10% for CapEx, 5% for Maintenance, 10% for vacancy, and 10% for property management.

My question to the community is what you'd consider a more realistic evaluation, given that exterior repairs are covered by HOA, what would a more accurate assessment be for Maintenance and CapEx?

In my limited experience thus far, I had to replace a washing maching over an 18 month span for $1,000 and that's been the only repair to date. I foresee replacing HVAC as maybe being the biggest expense/repair that I can think of. That said, wanted to poll and get your thoughts on more accurately assessing/evaluating condos.