Some lenders are still doing a limited review of the condo association but you would need to put down 25%-30%.

Hi William, I believe it all depends on the amount of down payment you have available, your credit worthiness and the property in question. It is very difficult to answer a question like this in the abstract without more concise information but there are many way to structure a deal these days, ranging from non-conventional loans to hard maney loans and seller financing.
Feel free to contact me if you would like to explore the possibilities as I believe that we shuld be able to offer you a very wide range of options to help you make this important investment decision.
1(800)792-3042

Try transactional funding or a loan based on personal assests/income. The best buys often are not approved for FHA or Cnventional financing- leaving the market wide open for cash buyers...

There are porfolio loans, FHA, VA, etc...It depends on the building...if it's a good building w potential in 6 mos because there are bulk sales going on, or it's a new building, in a highly desirable area and it's waiting for the mkt to turnaround, & you are positive it's going to turnaround, etc...there are hard lenders to bridge until you can re-fi a year or two fr now, but those terms are really high....it depends on the building, and how much you want it, etc. Or, sometimes, you can get the owner to finance is he knows that the building is not financeable.

If you need assistance, email me the address/building name, and the mlx no. I am a realtor, mortgage broker, who is familiar w the Aventura market.

Catherine KIm Owens P.A.
954-536-0648
cjkowens@aol.com

Hi William,
I am pretty certain yo would be speaking of a condominium. In this area such as Sunny Isles, Miami Beach, parts of Aventura, thee are buildings that do not qualify but may in the future once a certain number of defaulted units are sold.
There is no other option than to pay cash, and in the future you may be able to finance the property. Or look for a building that does qualify, there are many!

If you need assistance feel free to contact me,

Beth Jenkins
South Florida Brokers
786-374-4778

William,
Are you trying to buy a residential property or a duplex? I am not sure how a high vacancy rate comes into play. If you can be more specific I would love to help you.

Melissa Antenucci
Ameritrust Mortgage
561-417-9221