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Private Lending & Conventional Mortgage Advice

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Bennet Sebastian
  • Investor, Rehabber, Broker
  • Orlando, FL
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51
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Financing options for a condo in an investor-heavy community?

Bennet Sebastian
  • Investor, Rehabber, Broker
  • Orlando, FL
Posted Aug 29 2016, 11:56

I recently purchased a condo all-cash at auction that I am rehabbing and plan to re-sell upon completion in a couple of weeks. However I made a pretty dumb mistake buying in a community that is 80% investor-owned rentals and realize now that most lenders will not lend to prospective buyers because of this. I really do not want to be a landlord and end up holding/renting so I'm just trying to figure out what financing options may exist that I can try and line up and have ready to go prior to marketing the property for resale. Thanks in advance to anyone who has some experience with this that can help me out. 

Bennet

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