Financing non warrantable condos Winter Park, resort property for STR or LT

[Jack Gerstein]

Finnancing of non-warrantable condos

Hello. I was looking at a great condo for location and mountain views to add to my inventory. I walked away because it was not warrantable due to timeshares in the subdivision. The condo was nicely updated and had a covered attached garage.  Lending required a higher % down at a higher rate. Does anyone have an approach to negotiating? The seller is motivated to sell to move equity into a replacement property. I feel that purchasing this condo is buying someone else's headache due to not being warrantable. Any thoughts?

Post | Short-Term Rental Bootcamp Community Winter 2023

[Chris Seveney]

@Jack Gerstein

You are correct, you’ll be buying someone else’s headache