I've just got my first contract with a seller to purchase a condo which I'm super excited about. However, I'm running into financing issues. I've tried to finance this property through conventional loan but it got deny due to HOA fees were above 15% delinquencies. Hard money lenders won't work with me due to the state I am in. Family and friends are afraid to loan me money due to tax implications.
It seems I'm running out of options. Please advise!