Destin Florida Condo Purchase

[Cristy George]

Hello everyone,

I am new to the BP and new to real-estate investing. My husband and I are in the process now of trying to buy a Destin, FL condo. We had no idea that all of the coastal condos there are considered "Condo-tels" even if they are owner occupied and are only eligible for 20 year financing, not 30, and require 30% down, not 20%. Just learn this today after being in the process of purchasing this for 3 weeks. So much to learn.....advice?