I sold a condo to a family member near the beach for 28,000.00. What a steal! That is what i do. I sell properties for practically free. Thats the only way i know how. If i wouldnt buy it, i dont sell it. I love a nice juicy bank owned property. You feel good about it. Its an accomplishment. Its kinda like you're beating the system. When the market comes back you can definetly make some money on it. The obvious present result would be your positive cash flow coming in from renting. Its a no brainer! Right?! Well yes ofcourse!
However,
Thats a glorified "but". Lol.
I just came back from a two hour meeting for a real messed up HOA. The HOA fees are 488.00 a month! Woo!
So basically the condo has gone into receivership. Which means that all the units that are delinquent are able to be rented for revenue by the management company to cover past losses.
They have now put yours truly in charge to make sure to get as many rented as possible. These are 2 bedroom condos renting for 600.00. What a steal!
With this process, hopefully, the fees will be down to 200.00 a month by the end of this year.
www.DinoHomes.com
Dino Dodani G.G./Realtor
Exit Realty of Daytona
Dino@EXITrealtyofdaytona.com
Ofc:(386) 257-EXIT [3948]
Fax:(386)255-6020
Cell:(386)679-0888
www.EXITRealtyOfDaytona.com
Headquarters:
211 E. International Speedway Blvd
Daytona Beach, Fl. 32118-4689
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