Real Estate - Condo Hotels

You see condomiums popping up everywhere and you are all probably wondering if this market is ever going to be saturated. You are probably wondering like me if this is a great investment. What kind of risks is involved and maybe you are just not sure if this is the right real estate invesment to be involved in. I dedicate this section in getting everybody educated in the CONDO market and hopefully assist you in making your decision whether to engage or to not engage.

There are 3 classifications of Condos:
1. New Condomium Construction - These are brand new developments by large and small builders alike. Price ranges all depend on location. The closer the condominiums are to high traffic retail or high end amenities the higher the price usually is. In Central Florida, the price range can start from $200,000 in nice neighborhoods to upper millions depending on size and location.


2. Condomium Conversions - These are most likely your Apartment Building owners who wants to cash out and join the mad race of getting their developments sold as whole deeded properties. Some of these developers are going to have to revert back to your conventional rental programs cause unless they owned the apartment buildings straightout they are going to be shouldering a big mortgage if the condos don't sell. Remember some of these condos can be old apartment complexes so make sure to do your research.


3. Condo-Hotel - There are existing and most likely new resorts or hotels that I have decided to sell each unit to inidividual owners and create a rental program so that owners can have the hotel management company rent their unit as a conventional hotel room. In my opinion, as I express in more detail a bit later, is the best investment vehicle to be in if you are going to jump into the Condo market.

Sorry....I need to finish this blog later....more to come...thanks for understanding!!

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