Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Creative Real Estate Financing
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 8 years ago on . Most recent reply

Account Closed
  • Philadelphia, PA
0
Votes |
3
Posts

Non-warrantable condo financing

Account Closed
  • Philadelphia, PA
Posted

I work for the US government overseas, and I want to buy a condo in Atlanta. The plan would be to rent it out for the next few years while I'm over here and then move right in when I return stateside.

I've been able to amass around $12K for a down payment and closing costs. Problem is that's a little short for the $90K condo I covet; since I'm not moving directly into the place, at least 15 percent down is required. Can qualify on credit score and income, it's the liquid assets that have proven problematic - along with the recently-learned fact that the building I want to buy into is non-warrantable. 

Hoping the knowledgeable members on these forums might have a solution in terms of creative financing. I want to buy soon, it's a rising area and I want to get in before prices balloon. After that I'd like to continue to buy investment properties, but this particular purchase is very important to me and my family for personal reasons and is therefore a priority.

Thanks all for taking the time. 

Loading replies...