How to finance a Florida Condo ?

[Rafael Trinidad]

Seeking advice  purchase a two story condo from a wholesaler last year with my credit cards fixed the property up spending about 105k plus another 45k in labor and materials apply to refi and was told the condominium community had new Florida laws that required all condo are upto date before qualifying for a refi 

Currently have it rented any option out there  the credit cards were Intres free for a year now Intrest is like $2900 a month 

[Ken M.]

Quote from @Rafael Trinidad:

Seeking advice  purchase a two story condo from a wholesaler last year with my credit cards fixed the property up spending about 105k plus another 45k in labor and materials apply to refi and was told the condominium community had new Florida laws that required all condo are upto date before qualifying for a refi 

Currently have it rented any option out there  the credit cards were Intres free for a year now Intrest is like $2900 a month 

Because of the Surfside Condo collapse a few years ago, condo buildings now, by law must have upgrades and increased reserves to deal with capital improvements in the future. If a condo association doesn't have or won't provide proof of compliance, lenders are shying away from lending on those buildings. Check with the head of the condo association to get a copy of compliance.