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Updated over 8 years ago,
Refinance condo with high renter to owner ratio
Hi Everyone,
I'm working on a seller financing deal at the moment here in the Orlando area. The condo has a high renter to owner occupant ratio thus making it extremely difficult to acquire traditional financing. On top of that, 1 entity there owns more than 10% of the units. The location is great and rents/cash flows very well. Any advice or pointers on how to get a bank to give me a mortgage on this property or refi? I plan to occupy the unit as my primary home.
Thanks