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Updated over 9 years ago on . Most recent reply

Help with financing a condo
Need help with financing a condo. I have heard they are different than SF.
I could possibly go hard money
1bed 1bath
Condo is listed for 90k
Repairs/Rehab = 10 to 12K
ARV is 135k, rent after rehab should be around 1500/ Month
Condo fee = around $400/ month includes:
Trash, water, insurance and maintenance plus a storage locker
Any ideas??
Thanks
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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First, talk to a lender and find out if this specific condo can be financed, it's specific to the development, percent of owner occupants, etc. If you can't finance it now, you can't refi it later.