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Dee, Real Estate Pro in Oakland, CA

Can I purchase a condo in Rosmoor and rent it out?

Asked by Dee, Oakland, CA Tue Jan 29, 2008

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3
Doug is right about the one-year limitation on renting it out. I'd be hesitant about putting a true unrelated "arms-length" tenant on the title.
1 vote Thank Flag Link Wed Apr 9, 2008
I would concur with Doug and definitely talk to the HOA and review their regulations and disclosures.
Web Reference: http://www.apr.com/tosburn
1 vote Thank Flag Link Tue Apr 8, 2008
Rossmoor rules dictate that you can only rent it out for one year unless you put the tenant on the deed of trust. One of the tenants must be 55 years old, the other must be at least 45 and there are no children allowed unless there is a 100% dependent person involved. It makes a lot of sense to confirm these facts with the HOA rules and regulations
Web Reference: http://www.apr.com/dougm
1 vote Thank Flag Link Tue Jan 29, 2008
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