Non-Warrantable Condos in Florida

[Michael Weir]

Hello, I'm looking Into expanding my STR portfolio with a condo down in Hollywood Florida, but just found out from my lender these are usually non-warrantable due to more investors owning them than owner occupancy. Although he does have programs for those, they are at 30% down... and as you can imagine the less out-of-pocket the better.

Does anyone know somone or know of any other solutions for non-warrantable properties will less out-of-pocket down payment?

Thank you for any direction around this.

[Michael Weir]

@John Underwood You know what I mean right John - it's a Condo on the beach, that is mainly STRs or in a Hotel Program - great building, but I am told they don't qualify for conventional financing due to them being not primary used for "Owner Occupied"