Hi, I found a condo with a leasehold ending in 28 years. As such, it would not be approved for a conventional loan.
Asking price is $169,000.
Mortgage with piti and HOA will be approximately $1300.
It is currently leased for $2225/month.
Monthly cashflow is approximately $600-700 after all is factored in.
Would you purchase this property? Would you ask for Seller-Financing?
Thank you for your response.
Truly appreciate any advice,