Justin I haven't been to this site in a long time, and I'm sorry that you wrote this over a year ago, because yes there are condos in your price range which offer weekly rentals. I'm not sure how many are on the market at present, but they certainly do exist. Property management for vacation rentals typically run around 20%, but they usually handle the entire transaction, from finding you renters, to security deposit, to cleaning and so forth. Not all associations have on site management, but you can always go through other property management companies, or you can do it yourself on VRBO.com too.
The fees vary with each association.
Please feel free to give me a call anytime.
Exit King Realty.... more
Hello Refub, you will need to qualify and have 15% down for the purchase of an investment property to rent out. You may possibly consider the 203k loan to remodel your rental properties.
You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
NMLS# 297251... more