Someone had thread about HOA doc in /r/realestate and how to get them. Turns out in California you need to send it with disclosures and I'm in market for a condo?
This Reserves in the HOA of a <50 unit building is 120K which shows 55% funding from the liabilities. This seems low? OR maybe the projections to fix things are out of proportion? The current HOA fee is already $500+ The unit is over 1.2MM. This is in the bay area so prices are nutso for all the non Bay Area people.
This is the table they also have in the doc,s it looks like they budget for more and have a few percent unspent every year? Is this also noraml?
Submitted March 09, 2019 at 02:37AM by oneoneoneone1 https://ift.tt/2XOzsoo
