Posted by bronchick on December 27, 2000 at 12:03:33:
The payment you make to the seller for lease should be inclusive of the HOA fee. If the seller’s mortgage + the HOA fee are more than you want to pay the seller in rent, then you have two options:
Make the seller pay the HOA for a loss out of his pocket
Get the deed from the owner and pay it yourself.
L/O & Townhouses/Condos - HOA Fees? - Posted by DallasCO
Posted by DallasCO on December 27, 2000 at 10:14:01:
I’ve been looking at a few townhouses here, and have gotten some positive responses from owners with regard to lease-option, but I’m a little hung up on the HOA fees. Since they generally run at least $100/mo here (I’ve seen them as high as $180), do they make L/O’s with townhouses or condos unfeasible generally? Or if not, do people usually pass them along to the tenant/buyer on top of the lease payment? I sure wouldn’t want to eat the fee myself.
Any input is appreciated.
Dallas
Re: L/O & Townhouses/Condos - HOA Fees? - Posted by Mansion
Posted by Mansion on December 27, 2000 at 20:53:59:
Don’t give up. You should first try integrating it in the rent. If that doesn’t work, try the original rent price and just tell them it’s a must. It’s not a stop sign…more like a yield sign. You as the investor should not have to eat the price. You might even be able to ask the seller to credit it back to you or even to pay it right out every month.