Condo Foreclosures

I am thinking of buying foreclosed condos and then renting them out. Has anyone done this and are there any pitfalls in doing this. Thanks. confused

Comments(2)

  • al88315th March, 2004

    You might want to check with the HOA before buying a foreclose condo. The HOA might have restrictions for owner who rent the condo before holding the property for less than a year.


    AL

  • ilmagnifico15th March, 2004

    So you are saying that I might have to hold the property for a year before I can rent it out?

    Thanks for the advice.

    Ray

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