All Forum Posts by: Nataly Soto

@Raymond J. RodriguesThank you Raymond. Is there any work around this guideline? my lender said that the Condo took this long to provide answers to their questions. They also said they could not share with me the answers from the HOA. Idk.. I just feel like the whole thing is a little sketchy... and I want to make sure this is an actual Fannie Mae requirement

I need inputs from experts here. I am buying my first Condo as an investment property. I am literally 6 days away from signing. Everything was going pretty smooth, until today. I received a call from my lender explaining that because the Community HOA said that over 50% of the units are NOT Owner Occupied, we must put down 30% down and not 20%. Have you guys heard this? I believe the lender mentioned this is part of a Fannie Mae requirement.

Any insight on here is helpful

Hi, I am a newbie in the Real Estate Investment world. I am very much eager to start to build my wealth. I've spent the last 3 months educating myself, and now I'm comfortable to start analyzing deals and committing to buying off my first investment property. I have $30K to invest, and I'm not sure if Tampa is the best area right now to do this. All the houses I've seen at the $150K range require a lot of repairs or are just not good deals in terms of Cash Flow/ROI. Would you recommend to look in a different area in Florida? If so where?