I currently have 3 rental properties and actively looking to add more. The main issue I have in Miami obtaining financing is passing the owner vs renter ratio in the condo questionnaire, this ratio is always off causi...
Hi All- I'm looking at purchasing a condo in a 6-unit building in Baltimore city. Most of the units are not owner-occupied, so my usual lender said he cannot lend on this condo. Is this normal? Can anyone recomm...
Hello! I have a property I'm trying to buy under contract. It's 2 condo units for $440k ($220k each) in Massachusetts. They are non-warrantable since the 2 units are part of a 4-unit association, where 1 of the units ...
Hello wholesalers, I'm surrounded by condos. Would anyone be kind enough to give me a couple of pros and cons on wholesaling condos?Thank you!
Finnancing of non-warrantable condos
Hello. I was looking at a great condo for location and mountain views to add to my inventory. I walked away because it was not warrantable due to timeshares in the subdivisi...
I'm interested in hearing everyone's experience with purchasing condos in Panama City Beach for short term rentals. I'd like to know the ins and outs if you don't mind, from down-payment required, expected gross incom...
Hey all! Looking for some others experiences with rent income appraisal for qualifying a DSCR loan.... Have been under contract on a studio condo with DSCR loan and 25% down. Sales price appraised but the rent incom...
The building I'm living in is converting all rental units to condos in the next few months in Detroit midtown. I'm interested in purchasing my unit but read in the DetroitFreePress that getting a condo mortgage is dif...
I closed one deal this week and got a loan with 6.125% fixed rate for a condo for investment purpose. The rate is much higher than market rate since I wasn't able to get Fannie mae warrantable loan since this complex ...
I know studio or efficiency condos typically are cash purchases on their own. But I wondered if anyone here knows any lenders that would do financing on them, especially if a few units are purchased at the same time.
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