Nick PerryFounder and CEO of 7 Figure Cartel

Two Identical Houses… But One Will Make You Rich (Here’s Why)

6 Feb 2026 · 1 min

Watch on YouTube

1:22

In this short real‑estate discussion, Speaker A compares two adjacent three‑acre parcels that appear identical. Using Land Portal and a quick Google search, he shows that Property A is not part of a homeowners association (HOA) while Property B belongs to the River Forest HOA in Georgia, which charges monthly dues. He argues that the lack of HOA obligations makes Property A considerably more valuable than Property B, despite their similar size and location. Speaker B adds nuance, noting that HOAs can add value in high‑end developments that offer amenities such as gated security, lake access, or golf courses, but warns that HOA fees can become a financial liability—missed payments may lead to liens on the property. The overall takeaway is that HOA affiliation can significantly depress vacant‑land value unless the community’s amenities justify the extra cost, and buyers should carefully calculate fee obligations to avoid costly liens.

Chapters

I would always buy this property and never buy this property. Here's why you're probably thinking these two properties look exactly the same and you're right. They are both three acres and they are right across the street from each other. So you'd think Property A and B would both be worth around $40,000, right? But there's one important thing that everybody hates that can actually kill the value of land. We've all heard horror stories of power hungry HOA presidents like this, complaining about the littlest things. You'd think this would only apply to houses. But vacant land can also fall into HOAs, which means you have to play by their rules. Here's Property A and if we go into Land Portal, I see that it's a part of the North Monroe county subdivision. Checking on Google I see that this is not a known hoa. Now on to Property B and if you go into Land Portal you can see it is a part of the River Forest subdivision and in Georgia. And when I do a quick Google search, I see it as a known HOA with monthly dues. Not being in an HOA is why Property A is worth so much more than Property B.
The only time HOA land can be worth it is if you're buying in a high end development where the HOA amenities actually add massive value like a gated community, lake access or golf course. But even then, you better do the math on those fees because if you miss just a few payments, the HOA can put your house or land under a lien and.