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Updated almost 8 years ago,

User Stats

19
Posts
6
Votes
Christian Ivanov
  • Investor
  • Arlington Heights, IL
6
Votes |
19
Posts

Condo in association that currently has 51% of the units rented

Christian Ivanov
  • Investor
  • Arlington Heights, IL
Posted
I fount a good cash flowing condo in an association that already has a lot of rentals 51%. My concern is that if I have to sell it in the future my pool of potential buyers is limited to investors only since it is difficult to obtain financing for associations that have over 50% rentals. Fanny and FHA guidelines. So what should I do. Buy or skip? Total payments are $620 and I can rent it for $1,150.

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