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IMO this kind of investment seems like the thing that someone with more than $190k would not be messing around with. But maybe they do, but would you spend $100
by spaceflunky 9y ago
IMO this kind of investment seems like the thing that someone with more than $190k would not be messing around with. But maybe they do, but would you spend $100k defending a $90k investment? Or to put it another way, if the HOA rallies up all 40 property owners to spend $20,000 each fighting this, is it worth it to outspend a $800,000 legal war chest to protect a $90,000 investment?
- ryandrake 9y ago> But maybe they do, but would you spend $100k defending a $90k investment? If I thought I could successfully "flip" it for, say $500K, which is pocket change for the affected people in that neighborhood, then sure, $190K would be a bargain. And if the 40 property owners could kick in $20K each to sue the investor, surely they'd rather kick in $10K each to buy the street back instead.