New Housing Communities.
How do you research if it is a smart decision to invest in a house that his located in a gated community? Do you research it the same way you would a condo? If anyone can give me some advice as to how to research these communities, please let me know.
Thank you
What are the comps?
Pull comps just like any other property.
I beleive tenants like the extra security that a gated community provides. You just have to make sure you can get a positive cash flow.
tjm528,
Do your research just like any other REI..SFH...a gated community is "just that" ...houses surrounded by a GATE..
NoDifference than any other SFH.....
It will pop up on YourLocalPropertyAppraisersSite ...
....as a SFH!
....as always,
GoodInvesting, Rocky
I have invested in gated commuities and there is one additional area you need to review. Get a copy of the HOA docs, ( your title company can get it for your free) and then talk to a board member ( or two). Are there any big issues before the board? Assessments? Law suites? Etc.
[addsig]