Are Hoa Fees Tax Deductible All Locations : Advice

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Paul Rinde, Real Estate Pro in Menifee, CA
Paul Rinde answered:
Does Mello Roos adversely affect the resale value of a property?
No. But it does affect the number of potential buyers. Some buyers are adverse to Mello Roos and do not want to purchase a property with them.
0 votes Share Flag Thu Oct 20, 2011 Home Buying in Roseville
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
I'm looking to purchase an investment property & rent it out. Budget is $180K. What's more likely to be rented out? Condos, townhome,

If you price your rental rates properly, you can rent any product out quickly. As an investor, what you should consider is the expected turnover of tenants and the net inves ... more
0 votes Share Flag Tue Apr 3, 2012 Rentals in Austin
Veena Prakash, Real Estate Pro in New York, NY
Veena Prakash answered:
If I am a first time buyer, What would be the best thing to purchase a condo or a coop?
Hi Amarilis

That would really depend on your location, budget and down payment and in the case of Co-ops you will need liquid assets post closing.

You should get pre-qualified by ... more
0 votes Share Flag Thu Jan 26, 2012 Home Buying in New York
Shan Saigal, Real Estate Pro in Santa Clara County, CA
Shan Saigal answered:
Buying in Ardenwood or Parkmont or Irvington
Hi Avin,
You pose all the right questions, however, you and your wife/significant other will need to decide on most of these scenarios on your own as they will be your personal choice. ... more
0 votes Share Flag Wed Aug 17, 2011 Home Buying in Fremont
Andrew Holbr…, Real Estate Pro in Austin, TX
Andrew Holbrook answered:
My son is a Junior at the Univ. of Texas. Would it be better for him to rent and apartment or buy a condo as an investment.?
By far a purchase would be the prudent decision. Interest rates are low, prices are low - a rare combination. I know condo market very well in Austin. Email me at if ... more
0 votes Share Flag Tue Jul 26, 2011 Home Buying in Austin
PENNY O'BRIEN, Real Estate Pro in Las Vegas, NV
PENNY O'BRIEN answered:
rent home or keep empty? Possible tax implications when forced to relocate for work.

Please get in touch with your CPA or attorney. They will be able to advise you on all your above questions.

Good LUCK.
Penny O'Brien with Simply Vegas
702.321.938 ... more
0 votes Share Flag Mon May 23, 2011 Home Selling in Las Vegas
Bo Bromhal, Real Estate Pro in Raleigh, NC
Bo Bromhal answered:
I am 59, relocating from NY, and would like your advice in renting vs buying. I want to rent to avoid having to deal with costs of upkeep and repair
If buying is what you want to do, then you can avoid the pitfalls of repairs and ownership upkeep with a condominium or certain townhomes. I would suggest meeting with an experienced R ... more
0 votes Share Flag Mon Mar 28, 2011 Home Buying in Cary
Scottsdalesc…, Real Estate Pro in Scottsdale, AZ
Scottsdalescott answered:
I just closed on a condo in New Jersey. The amount I have to pay into the escrow is too high.What can I do to bring this number down.?
Your real estate agent/lawyer or title company should have reviewed the preliminary HUD-1 with you to verify charges prior to closing. Now that the property is closed and impounds take ... more
0 votes Share Flag Sun Dec 18, 2011 Home Buying in East Orange
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Is getting a condo unit better than a coop?
It's really a matter of preference---The traditional housing co-op involves the formation of a corporation for the purpose of acquiring title to a multi-unit building and, in turn, ... more
0 votes Share Flag Fri Feb 4, 2011 Home Buying in Laurelton
Edyta Gryc -…, Real Estate Pro in Hoffman Estates, IL
Edyta Gryc - Broker Associate answered:
How much must I expect to pay, NOT including mortgage, for real estate taxes; HOA dues; yard and other mai ...
Real estate taxes-If you purchase a home in Florida, you will pay ad valorem or “property” tax based on the taxable value of the property. Ad valorem taxes are assessed by t ... more
0 votes Share Flag Mon Feb 18, 2013 In My Neighborhood in 32162
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
found the term: Maint/ question is: what does it means, is it oer month or per year?
Tana, if you read Trulia, you can get a little mixed up with the terms that are used because in NY it is not uncommon to use the term maintenance for both co-ops and condos. Co-ops will ... more
0 votes Share Flag Fri Jan 21, 2011 Home Buying in New York
Jeffrey Doug…, Real Estate Pro in San Diego, CA
Jeffrey Douglass answered:
Who is responsible for the HOA docs fee when the escrow is cancelled by the buyer?

If the buyer cancelled within his/her contingency period and you had agreed to pay for the HOA docs you would be responsible for the fees. If you are going to continue to ... more
0 votes Share Flag Wed Aug 21, 2013 Home Selling in 92130
Melissa A. S…, Real Estate Pro in Orlando, FL
Melissa A. Scire - FL Villas Today - Orlando, FL answered:
I'm looking at investing in STR condos. I am looking at Caribe Cove and I n ... there are much higher than other condos. Why is that? ...
Hi Tintinl,

I am a licensed realtor that specializes in short-term rental vacation properties in the Central Florida area. While there are many reasons why taxes may be higher for on ... more
0 votes Share Flag Tue Oct 5, 2010 Home Buying in 34747
Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
First time home buyer, looking for condo/townhome/single family around Santa Clara/San Jose/Sunnyvale vicinty
Consider the site below. Maybe they know something I do not.

The Silicon Valley is one of the places pulling out of the downturn with ... more
0 votes Share Flag Thu Oct 28, 2010 Home Buying in San Jose
Thomas Tolbe…, Real Estate Pro in 31410
Thomas Tolbert answered:
First time home buyer need options.
Simply put, I think your best bet would be for you to speak with a Mortgage Professional. A good lender will discuss your options and help you make an informed decision that would benef ... more
0 votes Share Flag Tue Aug 24, 2010 Home Buying in San Jose
Maggie Hawk, Real Estate Pro in New Smyrna Beach, FL
Maggie Hawk answered:
what is the difference between cdd fees and hoa fees?
Homeowners' Association fees are levied by HOA boards to maintain amenities in a community. By contrast, a Community Development District (CDD) is a board that is created ... more
0 votes Share Flag Fri Jul 16, 2010 Home Selling
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
I own a condo. Are assessments for things like a new roof tax deductible? How?
This is not tax advice.
The roof will be paid via your HOA dues, so the question is are your dues deductible.
0 votes Share Flag Thu Apr 24, 2014 Remodel & Renovate in 94117
Maryellen Ma…, Real Estate Pro in Las Vegas, NV
Maryellen Mackenzie answered:
Renting out home as primary residence or convert to rental property?
If you want to be an investor and can handle the ups and downs of the rental market, then by all means give the home to a good property management company and let them handle it for you ... more
0 votes Share Flag Tue Nov 5, 2013 Rentals in Las Vegas
Jenny A. Le, Real Estate Pro in California
Jenny A. Le answered:
Qualify for $450 house&cond $430 .Should I buy a house or condo- hate to pay for high hoa fee. Want goo ...
I would suggest you pick the 1st choice because the additional 20-30 minutes of commuting each way "will" grow on him and I assumed you rather have peace and harmony in your h ... more
0 votes Share Flag Mon Mar 15, 2010 Home Buying in Irvine
Jed Lane; Fog…, Real Estate Pro in San Francisco, CA
Jed Lane; Fog City Guide answered:
Investment condo for rental in SOMA or Pacific Heights
Your investment analysis should look at resale as well as cash flow. Purchase price in the Beacon compared to the rents make it attractive. The price dropping is due to the supply and d ... more
0 votes Share Flag Tue Jan 5, 2010 Home Buying in San Francisco
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