My most recent article for BiggerPockets is up. This one goes over when it does and when it doesn't make sense to purchase a property that is in a Homeowners Association (HOA). My thesis can be summed up by my line early on "My own position differs from Mr. Frugalwoods. I believe that HOAs are a detriment to purchasing a property but by no means a non-starter."
I go over all sorts of disadvantages, advantages and things to look for with HOA's. That being said, I focused heavily on HOA's for condos and not as much for houses. Usually I don't see HOA's for houses other than in nicer communities we don't buy rentals in. That being said, some investors do and it can be helpful, as my friend Russell Brazil reminded me:
No yellow polka dots = No Deal!
"Every day is a new life to the wise man."
The Righteous Mind
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