Summary notes:
Not every nice neighborhood has an HOA, but they are common and highly beneficial. An HOA is a nonprofit organization of homeowners that governs a certain residential area and enforces rules for things like landscaping, noise, and other community standards. HOAs also provide a range of services, including maintenance and access to amenities like swimming pools, clubhouses, and playgrounds. Additionally, HOAs provide additional security, since their presence can deter crime. As a result, it is important for potential buyers to consider the HOA when looking at a home.
It is more common for newer neighborhoods to have an HOA, although some may be voluntary or involuntary. It is possible for a neighborhood to retroactively create an HOA. HOAs can also be a make-or-break factor in a real estate deal. In Texas, HOAs have a lot of power and can even foreclose a home if the homeowner doesn't pay the HOA fees. If an HOA is involved in litigation, the lender can't close on the deal. This can present an opportunity for arbitrage investing, where investors can buy into the deal once it's settled and make a profit.
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Business: ”What are the tax implications of being paid in equity?”
Marriage and Money: Budgeting and Financial Planning in Marriage
Financial Planning: The Ultimate Guide on how to get control of your finances
Innovation: Helping women and minority owned businesses find more money for their businesses
Entrepreneurship: ”Where do I find money to start a business?”
Real Estate: The mindset difference between rich buyer and sellers and the middle class
Financial Planning: ”How do I find a job that pays well that I love?”
Wealth Mindset: Working through the emotions of the wealth journey
Business: Smoothie King Business Study Takeaways
Financial Planning: ”How do we find the money to afford children?”
Real Estate: Housing Affordability in the DFW Metroplex
Financial Planning: ”How do I support my aging parents, pay my bills, and save for the future?”
Innovation: Bitcoin at the Center of the New Financial System
Business: The Franchise Business Model
Financial Planning: ”How am I ever going to save enough money to pay for a wedding?”
Real Estate: Managing short term rental properties ”Airbnbs”
Wealth Mindset: ”How do I get out of living this paycheck to paycheck cycle?”
Investing: We are entering the Age (Era) of Women
Business: Studying the Evolution of Smoothie King Management Team
Wealth Mindset: ”How do I overcome the pain of losing money when investing?”
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast