Buying a Deal, but it’s hard to get Finacing for to Resale

[Eric Wilson]

Hello all! I’m still working In getting my first deal. I’m looking to buy a condo vacation all rental in BC Canada at a popular ski resort. The cash flow meets my standards. The issue is that it’s under 500 square ft which means it’s hard to get a loan for. I want to hold onto it for a few years because I’m more interested in cash flow. However, it’s been in the market for 2 years because it’s so hard to finance from a bank making me nervous to buy it because I might not be able to sell it or will take years to sell. Does anyone have advice for me here? Thanks in advance!

[Jay Hinrichs]

Originally posted by @Eric Wilson:

@Jay Hinrichs Thanks for the input Jay. It’s at Big White, your favourite place haha. I’ll keep your input in mind.

Big White out  as the locals call it.. the only mtn. I ever got vertigo on .. !!!  that's what brought me to Kelowna in the first place ski in ski out condos in 2000 for 40k CDN which was like 25k US..   Ended up buying at the Okanagan Golf course .. should have kept that one !!! I was in Kelowna last may on my way to Douglas lake to fish and boy its really hopping there..