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paramount.
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February 24, 2009 at 5:17 PM #354492February 24, 2009 at 5:17 PM #354521
Diego Mamani
ParticipantI think this is an interesting subject. Some time ago I thought of lending money to HOAs to try to get some decent returns. But, what collateral can they offer? Liens on all the houses there? I would need to first do title searches to find out how many houses have any equity in them.
February 24, 2009 at 5:17 PM #354628ParticipantI think this is an interesting subject. Some time ago I thought of lending money to HOAs to try to get some decent returns. But, what collateral can they offer? Liens on all the houses there? I would need to first do title searches to find out how many houses have any equity in them.
February 24, 2009 at 5:38 PM #354074davelj
Participant[quote=Diego Mamani]I think this is an interesting subject. Some time ago I thought of lending money to HOAs to try to get some decent returns. But, what collateral can they offer? Liens on all the houses there? I would need to first do title searches to find out how many houses have any equity in them.
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Banks lend to HOA’s routinely. They get a senior lien against the HOA’s cash flow (dues). It’s obviously not riskless, but if you put yourself at the very top of the payment chain – before any other expenses get paid – you should get paid back if the loan amount isn’t absurd.
February 24, 2009 at 5:38 PM #354385Participant[quote=Diego Mamani]I think this is an interesting subject. Some time ago I thought of lending money to HOAs to try to get some decent returns. But, what collateral can they offer? Liens on all the houses there? I would need to first do title searches to find out how many houses have any equity in them.
[/quote]
Banks lend to HOA’s routinely. They get a senior lien against the HOA’s cash flow (dues). It’s obviously not riskless, but if you put yourself at the very top of the payment chain – before any other expenses get paid – you should get paid back if the loan amount isn’t absurd.
February 24, 2009 at 5:38 PM #354517Participant[quote=Diego Mamani]I think this is an interesting subject. Some time ago I thought of lending money to HOAs to try to get some decent returns. But, what collateral can they offer? Liens on all the houses there? I would need to first do title searches to find out how many houses have any equity in them.
[/quote]
Banks lend to HOA’s routinely. They get a senior lien against the HOA’s cash flow (dues). It’s obviously not riskless, but if you put yourself at the very top of the payment chain – before any other expenses get paid – you should get paid back if the loan amount isn’t absurd.
February 24, 2009 at 5:38 PM #354546Participant[quote=Diego Mamani]I think this is an interesting subject. Some time ago I thought of lending money to HOAs to try to get some decent returns. But, what collateral can they offer? Liens on all the houses there? I would need to first do title searches to find out how many houses have any equity in them.
[/quote]
Banks lend to HOA’s routinely. They get a senior lien against the HOA’s cash flow (dues). It’s obviously not riskless, but if you put yourself at the very top of the payment chain – before any other expenses get paid – you should get paid back if the loan amount isn’t absurd.
February 24, 2009 at 5:38 PM #354653Participant[quote=Diego Mamani]I think this is an interesting subject. Some time ago I thought of lending money to HOAs to try to get some decent returns. But, what collateral can they offer? Liens on all the houses there? I would need to first do title searches to find out how many houses have any equity in them.
[/quote]
Banks lend to HOA’s routinely. They get a senior lien against the HOA’s cash flow (dues). It’s obviously not riskless, but if you put yourself at the very top of the payment chain – before any other expenses get paid – you should get paid back if the loan amount isn’t absurd.
February 24, 2009 at 6:35 PM #354144ParticipantThanks Dave. That sounds nice!
February 24, 2009 at 6:35 PM #354454ParticipantThanks Dave. That sounds nice!
February 24, 2009 at 6:35 PM #354587ParticipantThanks Dave. That sounds nice!
February 24, 2009 at 6:35 PM #354616ParticipantThanks Dave. That sounds nice!
February 24, 2009 at 6:35 PM #354723ParticipantThanks Dave. That sounds nice!
February 24, 2009 at 10:33 PM #354359paramount
ParticipantOur HOA hired Merit Properties to manage the day-to-day needs of the community.
Merit always seems to get the contract renewed, although I have I would never recommend Merit to any HOA.
We pay $92/month – if I ever move I will NEVER buy in a HOA again.
February 24, 2009 at 10:33 PM #354669ParticipantOur HOA hired Merit Properties to manage the day-to-day needs of the community.
Merit always seems to get the contract renewed, although I have I would never recommend Merit to any HOA.
We pay $92/month – if I ever move I will NEVER buy in a HOA again.
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