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Updated about 2 years ago,
Special Assessment Help
I bought a 1 bed condo in Panama City Beach in the beginning of 2022, it has been a profitable investment but cheap, so not a ton of cash flow. Unfortunately, the HOA is about to drop a special assessment for nearly $2 million divided by 30 owners. I do not have the equity and not a ton of cash lying around. The HOA claims they have not had much success finding financing options. I would appreciate some advice on financing a special assessment and any recommendations for places in Florida to assist...I'm trapped!