New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Looking for financing for Cape Cod Condo
I am looking to finance a condo for yearly rental but not sure where to start. The condos I'm looking at will not qualify for a normal FHA loan because the high percentage of renters and investor owned. The condos I'm looking at range from 85k to as high as 200k. I have excellent credit (819) and plenty of reserve cash. I also currently own two condos on the Cape (both financed, one with a bank, one owner financed) both rented out with great rental history so I'm not a "newbie". I do not have a mortgage on my primary residence. Any advice or help would be appreciated!