Home Owners Association (HOA)
A Home Owners Association is an organization in a subdivision, planned community, or condominium that makes and enforces rules for the properties in its jurisdiction. Properties that are in an association have either monthly, quarterly, or annual HOA fees which are used to provide or maintain common amenities like sidewalks and neighborhood parks. It is important to note whether the HOA allows single family rental investment property prior to purchase.
If after learning a bit more about Home Owners Associations you are curious to see how your current Investment Portfolio would benefit from performing a 1031, then I recommend signing up to receive a FREE 1031 Sizing from Conatus.
This sizing gives you info about the value of replacement properties you need to purchase and the amount of related debt on this purchase to fully defer your capital gains associated tax liability.
As an added benefit you will receive a comparison of your current income vs potential replacement property income that includes an assessment of income tax benefit between the
The Conatus 1031 Sizing is your blueprint for how to maximize cash flow from trading your equity for a multiple on income.Get My 1031 Sizing