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Updated over 3 years ago on . Most recent reply

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Tim O'Kelly
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Creative condo financing

Tim O'Kelly
Posted

Hello all, this is my first post on here. After listening to BP for years, my wife and I are finally pulling the trigger and getting a short term rental. We have a condo under contract, and the numbers look beautiful on paper. I just received a call from my mortgage broker say that the HOA is claiming that more than 50% of the properties are investment properties, which of course means I cannot get conventional financing. Has anyone successfully dealt with this before and what options do I have to get this place financed besides seller-financing? Thanks in advance for the feedback!

-Tim

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