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Updated over 8 years ago,

User Stats

287
Posts
29
Votes
Atwan Kwan
  • Property Manager
  • Rockville, MD
29
Votes |
287
Posts

Creative Financing for More Money!!!

Atwan Kwan
  • Property Manager
  • Rockville, MD
Posted

"Condo Association" is all my loan officer had to say to strike away all my excitement in becoming an investor....

It's been hours everyday in anticipation, knowing I had a little golden goose waiting to claim.....

What is standing in the way is ......The condo has ridiculous fees and management was known for all their problems so I knew there was NO WAY they'll meet the bank's preferences.....surely enough I'm right!

The property is only $60k and makes more than enough in rental to pay mortgage + profit.....

I have plenty for DP, but it's not worth getting all that money together and paying cash.....

Anybody know another way to get financing for a troubled condo....???

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