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dolcevita

I'd like to make a few comments to those of you who are bashing investors (such as WizardOfoz and Avenger). I agree that there are those investors who buy properties with no regard for anyone but themselves. But, I think a blanket statement against all investors as greedy, slumlords is a way over the top. I'd be curious to know if you've ever invested in properties yourselves.

We've been buying properties in Las Vegas for quite some time now and dealing with the headaches of HOAs. We spend quite a big chunk of change on updating, rehabbing and putting the properties in excellent condition. And we then sell these properties to home-owners. We do care about the value of the properties we buy because EVERYONE benefits from maintaining a neighborhood. An investor who rents to tenants that turn around and destroy the property is doing a disservice to everyone in the community. The sins of "those" kind of investors should not be held against investors who are looking to create a win-win situation for everyone.

Our issue is not with paying overdue HOA fees. We'd gladly due that as part of our investment expense. Our issue is with astronomical legal fees tacked on by people who have no vested interest in the property to begin with. That is THE issue here.

That's where the greed lies in this particular instance. Not with investors...