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Updated almost 11 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Antonio Arias
  • Fort Lauderdale, FL
3
Votes |
10
Posts

Association does not allow renters

Antonio Arias
  • Fort Lauderdale, FL
Posted

Greeting BP community,

I want to start by thanking you all for all the great information here. I am fairly new in the investment community. I have a young lady who needs to sell her property due to relocation. It's a town home 2/2.5. She said she was open to more ideas other than just selling on her own. The problem is the association does not allow renters, the owner must live in the property. 

She's selling for 170k

Assuming low equity what can possibily be done?

Assuming she has some equity in the property, then what can be done? 

I do not want the property for myself and I can't rent it out so what would be some other options?

Thank you in advance.

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