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Updated almost 8 years ago,
FINANCING WITHOUT CONDO QUESTIONAIRE
I currently have 3 rental properties and actively looking to add more. The main issue I have in Miami obtaining financing is passing the owner vs renter ratio in the condo questionnaire, this ratio is always off causing me to lose financing and purchase my properties cash. If someone could provide a solution where I could still obtain financing terms on a 30 yr fixed with 20-30% down this would be a tremendous relief. I have looked into portfolio loans however they normally require a hire amount financed than I am looking for at the moment, my credit is top tier and income is more than enough to back any loan I am looking for. Please advise....