Updated over 4 years ago on . Most recent reply
Creative condo financing
Hello all, this is my first post on here. After listening to BP for years, my wife and I are finally pulling the trigger and getting a short term rental. We have a condo under contract, and the numbers look beautiful on paper. I just received a call from my mortgage broker say that the HOA is claiming that more than 50% of the properties are investment properties, which of course means I cannot get conventional financing. Has anyone successfully dealt with this before and what options do I have to get this place financed besides seller-financing? Thanks in advance for the feedback!
-Tim