3 Ways to Overcome Restrictive Leasing Covenants I have been buying and selling houses for over 7 years now and never really had any problems with my Homeowners Associations …. until this year. Interestingly, I’ve run into problems on three different properties in different neighborhoods just in the last few months. What I’ve encountered are HOA’s with restrictive covenants limiting an owners ability to rent properties in the neighborhood.It’s understandable why an HOA would … [Read more...]
Student Housing: And Adding Condominiums to Your Portfolio
June 18, 2012 By Leave a Comment
Student Housing: And Adding Condominiums to Your Portfolio.I found out early on that most real estate investors just aren’t interested in those types of properties. The main reasons are the HOA (Homeowner Association) fees. All of these communities have monthly fees that the homeowner pays in addition to the regular mortgage. HOA fees might include the water, garbage pickup, the master insurance policy on the main structure, or may include other things on occasion such as your heat. The fees … [Read more...]
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Short Sales With No Cost to Sellers
Short Sales With No Cost to Sellers I see many agents who advertise that a short sale transaction can be closed at no cost to the seller. When I see those ads, I always look for the fine print (and I do not always see any).When you take a short sale listing, the seller frequently inquires as to what s/he can be expected to pay< (i.e., how much does short sale processing cost). It’s true that frequently the short sale can be concluded with no cost to the seller. But, then there are those … [Read more...]