Bought a condo a little over a year ago. All in 80k. Currently has assessments of 10k on the condo. I'm thinking about selling since I can't really pay the assessments. The Majority owners of HOA want to buy the unit for 90k but I would still have to pay assessments and closing costs. Current rent is $950. Condo has been a hassle but luckily taken over by new management so I'm hoping for a better future. It's probably the most updated condo in the community and probably not worth much over what they're offering ( highest condo sold for about 85k) Should I sell?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/uyyccd/sell_or_keep_my_investment_condo/
Comments
Post a Comment