Jake Durell
Getting rid of a condotel designation...
Hello - I am wondering if there are steps that an HOA can take to eliminate a condotel designation without eliminating the right to short term renters?At the moment there are too many units on the rental market and no...
Josh Darley
Buying an unwarrantable condo for buy/hold
BP,Does anyone have experience buying an non-warrantable condo as a buy and hold investment? I've been looking for another property in the Phoenix area, and it seems everything at my price point comes up as non-warra...
Chuck Hupert
Cash Out ReFi Condo?
I am considering branching out into a new market for myself. Beach front condos to establish as Air BnB locations. I'm looking for a little bit of insight from someone who may already be doing this or something simila...
Mel K.
Need advice on how to Refinance a Non-Warrantable Condo
Hello Everyone,I am considering purchasing a cash-flowing Condo by seller financing. I know the seller , being a family member, will be okay with financing it for a few years but will want a lump sum payment in the n...
Matt Smith
No NMLS lender ok?
I am buying a condo hotel. The loans are more difficult to get as expected but one lender and a good rate except one. However, they are a commercial lender apparently (not residential) and have no NMLS. Is it legit? A...
Myles Taccini
Why not condos? Best way to find HOA information?
Hi Biggerpockets,
2 points:
A) I've been looking more into Condos in the Los Angles/Orange County area lately. I've seen data that, over the last 20+ years, appreciation with condos has been equal with that of SFR...
James Oman
Narrowing down major markets and condo vs single family STR?
Looking for advice on a few topics. Wife and I are starting to look at investing in our first short term vacation rental. From Minnesota and looking at a property on the Gulf Coast of Florida, likely Clearwater/Tampa ...
Sebastien Beauboeuf
Owner and Agent do not warrant legality of Unit?
Hello everyone,In the section where the seller's agent write a description of the property, often times i see something like "Owner and Agent do not warrant legality of Unit." I'm not completely sure what that means. ...
Matt Leonard
Refi $85k non-warrantable condo or keep on HELOC?
looking for advice:I bought an $85k, non-warrantable condo as a cash purchase (using my heloc from my primary). There's a long-term, part-time tenant paying solid market-rate rent, and it's turnkey/updated, with low/s...
Greg Schow
Help funding the sale of a non-warrantable condo
BP community I need guidance! My partners and I own 33 condos of a larger 63 unit complex. We were surprised what value sellers are realizing for similar units in the area and decided to put one of our units up for sa...