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.
Private Lending & Conventional Mortgage Advice
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 2 years ago,

User Stats

30
Posts
8
Votes
Isaiah Foster
  • Crawfordsville, IN
8
Votes |
30
Posts

Lending on Single Condo Unit Within Large Complex

Isaiah Foster
  • Crawfordsville, IN
Posted

I have the opportunity to purchase two condo units within a complex. Has anyone done the same before? Whats the best route on these? 

Reason I am interested in this is because it is on a college campus and can be leased to college students. I can get a 3 bedroom unit for$75k and a 4 bedroom unit for $80k. The 3 bedroom unit can be leased out for approximately $1600/mo and the 4 bedroom can be leased for about $1750/mo. Almost seems stupid not to buy the units. 

Are there any hard money lenders that would help finance this? Ultimate goal is to renovate them and then lease for even more. 

Loading replies...