So not to far from my area, I see tons of dead-cheap condos, apartments and so on that despite a cheap price, just aren't moving. Some of these have been listed for well over a year, and at face value, they're no-brainers. Many of them do have a $300+ HOA fee, but when you break it down, you don't spend a TON more than you already would for things like cable, garbage pickup, bulk pickup, and all of those things that typically come included.
Even if you look at the worst numbers possible for renting it out for example, you're STILL looking at a less than 5 year ROI. So why do a lot of these places just not seem to move, despite great, reasonable prices, good square footage, and some modest HOA fees? I'll be honest, I DESPISE HOA's, but if it costs me $50-100 per month for the convenience of them handling all those services, it's something I can live with.
I know for SURE you guys have run into these. What's the catch? Is it just like the old saying goes: "If it seems too good to be true, it probably is"?
Submitted June 09, 2019 at 07:12PM by BlackHeart357 http://bit.ly/2wLCC02
