I own a condo in bay area which I am trying to sell now. The issue is owner to tenant ratio is below 50% per HOA. When I purchased the condo, it was tough for me to get conventional loan so had to do hard money lending.
Now that I am planning to sell the condo I am having the same problem again. I am not sure if investors would be interested to buy the property. I can always rehab the property and sell it to folks who can reside at the property but I am checking to see if you can suggest any creative ways to sell the property as-is without any rehab?
Just curious, why wouldn't you sell it as is to a retail buyer anyways? Why must it go to an investor?
Thank Greg! That's a good idea.
I have no problem selling it to retail buyer too. Its just the property need to be rehabbed before that. Just checking to see if there is any other option.
@Seetha G If the property is priced fairly for as-is, you may not have issues with finding a retail buyer. What kind of rehab work does it need?
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