Los Angeles, CA · Member since 2015 · 17 posts · 0 votes
This particular seller has a 1/1 condo built in late 80s and wants roughly $256K/market. It has a loan of $126K against it. She wants a smooth process but doesn't want to do seller financing or lease option. She wants her name completely out this suggested she get enough to pay off her loan and then take payments as little of $1,000 after. It hasn't been updated since it was built. HOA's are about $254.
Can I make a deal out of this at all? Maybe seller isn't actually flexible.
Any suggestions appreciated!
Investor · Madison, WI · Member since 2015 · 44 posts · 31 votes
10y
Is this the 1 bedroom plus loft in Sienna Villas that has been on the market for months? Check with the HOA, because you may have restrictions on whether it can be rented out. Unless you intend to live in it. This is one aspect of condos in Santa Clarita that is a deterrent for buying and holding them. My HOA has a one-year waiting period before a unit can be rented out, and there are only so many units they will allow to be rented out as a percentage of the whole complex.
Investor · Madison, WI · Member since 2015 · 44 posts · 31 votes
10y
Is this the 1 bedroom plus loft in Sienna Villas that has been on the market for months? Check with the HOA, because you may have restrictions on whether it can be rented out. Unless you intend to live in it. This is one aspect of condos in Santa Clarita that is a deterrent for buying and holding them. My HOA has a one-year waiting period before a unit can be rented out, and there are only so many units they will allow to be rented out as a percentage of the whole complex.