Non-Warrantable Condos in Myrtle Beach South Carolina

[Michael Weir]

Hello, I'm looking Into expanding my STR portfolio with a condo in Myrtle Beach, does anyone know of anyone that does loans for investment that would be considered non-warrantable properties will less out-of-pocket down payment, instead of the typical 20%+ down... any 15% options out there?

Michael

[John Underwood]

Quote from @Michael Weir:

Quote from @John Underwood:

I personally would stay away from a non warranties property.  There is a reason they have no warranty. 

 John most high rises around the country that allow STRs are non-warrantable - just how it is. Any major building that has more than 50% short term rentals is non warrantable.

So I would by a house that has full warranty. They make more money too.