Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

14
Posts
2
Votes
Megan Rycroft
2
Votes |
14
Posts

Analysis paralysis on an non-warrantable condo in Florida

Megan Rycroft
Posted

SOS on helping me NOT overthink. :) 

I made an offer on a condo - only to find out it's non-warrantable.

It's a small studio located near Cape Canaveral. A few issues I am having trouble with:

1. Obviously financing, add in the extra layer of being foreign! I did find 1 private lender who is open to the deal. 

2. I have requested more insight onto why this condo is non-warrantable but I am not getting a clear answer. I am sure they want an official offer from an approved lender before providing, but I don't know if I want to go through that process just yet without all the details. I do have an approval already from the bank - they just aren't going to fund  that property & seller won't accept that as a viable offer 

3. While I feel the market is strong and this could work as a STR ( it allows weekly rentals) I'm going back and forth on the issue with reselling in the future and what that might look like in a few years.

4.  Basically since this my first out of country investment, I've been driving myself crazy with analyzing this.  Sometime it's nice to hear any insights from anyone more experience than me!  Thank you in advance for trying to put me out of my misery! 

Loading replies...