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Good Deal Or Not

Discussion in 'Lawn Mowing' started by hustlers, Sep 28, 2002.

  1. hustlers

    hustlers LawnSite Senior Member
    from MN
    Posts: 257

    I put in an OFFER on a 3,000ft2 house in
    a high-end townhome development
    contingent upon getting a
    no-bid contract for maintenance
    $20,000 year. caring for the assoc.
    while living on site in my house with
    3 car garage.
    It would pay for my mortgage.
    Plus i get use of hot tub sauna, tennis
    court and will be on a lake with
    a dock and boat lift.
    My payment would be about $900 for
    the mortgage a month.
    What do you think???????
    risky? good? bad?
    too good to be true
  2. JJOHN22042

    JJOHN22042 LawnSite Member
    from MA
    Posts: 159

    If it walks like a Duck it must be a Duck. Just sounds too good to be true.
  3. Most of the time a home owners association will give you a place to live for free.
  4. Likestomow

    Likestomow LawnSite Senior Member
    Posts: 997

  5. TurfGuyTX

    TurfGuyTX LawnSite Senior Member
    from DFW
    Posts: 648

    I'd think they'd bug the heck out of you living on site. Just my thought. Good luck.
  6. DLS1

    DLS1 LawnSite Bronze Member
    Posts: 1,619

    Hey Hustlers, not following what you are saying.

    Are you saying you would only buy the house if you get the association bid for taking care of properties.
    What has getting a bid got to do with buying the townhouse?
    Does that mean you can't buy any house unless you get this contract?
    You need to do a search on associations on this site. From I have seen on this site it is not very good to work for an association. To
    many potential problems with ever homeowner thinking you are their personal mowing guy.

    What if they start piling on more things to do that is not in the aggreement? What happens if you don't get the bid next year, does it mean you can't afford the $900 house payment?

    I would never buy a house based on the only way I could afford a house is if I keep 1 commercial contract year after year.

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