had an offer for 90…BPO came in at 114…Bank dropped to 100…we are stuck here because my buyer cannot get financing. This is a reputable investor but the 2 banks he uses are not financing condos in Fla. I am hearing that banks are not financing condos as investments, especially in Fla. I do not know how true that is. Anyway I need a serious investor. If you can get financing and are serious. Contact me direct at dkarlsberg@yahoo.com
I have tenants in there now, their lease expires in June but from what I have been told, they want to stay beyond that date. I collect 1050/month, which is on the low side. Comparable condos collect 1150-1250.
Please be serious and be able to bring money to the table. I paid 215K for this condo in Sept of 05. The bank is waiting on a counter offer at 100K. So conceivably you can get this thing at 95K is my best guess. With the rent I am currently collecting, that equates to a nice positive cash flow
If I could buy this thing back i would.