This Is A Fannie Mae Homepath Property. One Bedroom With Views Of Pool And Loads Of Closet Space Thruout. Fully Separate Bedroom On Quiet Floor In The Forum. Party Room, Exercise Room With Sauna, Tennis Court & Refurbished Swimming Pool. Directly Across ...
- see more Forum condominium info The Forum Condominium at 11801 Rockville Pike, Rockville, MD 20852 has a prime location in the newly rebranded North Bethesda. The location is phenomenal but the condo is severely dated compared to The Gallery at White Flint, The Sterling Condos, and 930 Rose Condos among others close by. It's an all inclusive building with high condo fees that include all utilities.
Something to consider with The Forum Condos is the extremely high Rental rate to Owner occupied. It's currently around 50% renters. This can be an issue for various reasons. Many Lenders won't finance a condo in a building with this high a concentration of Renters. Thus a buyer would need to find a Portfolio Loan that would require a significant down payment of 20% or more. I've seen buildings that get to this point, not allow the condo owners to rent out their units in the first 2 years of ownership. Some buildings also won't allow FHA financing because the rate of default is much higher with these buyers. A building's health is in decline in this situation. Current owners may have a hard time selling, new buyers buying... and bottomline values are affected.
Some units allow for 3-month rental agreements. And they also allow 3-month rentals. The Forum offers everything from 1 bedroom units to 3 bedroom units -- with the 3 bedroom units rarely available.
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Listing information last updated on July 23rd, 2019 at 4:45pm EDT.