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Condo-Hotels - A New Second-Home Alternative to Time Shares
Condo-hotels have evolved as a better, more reliable second home alternative to time-shares. They are usually attractive, high-rise hotels on the ocean or in other prime locations, and range in price from the mid $200,000s to over 1 million, depending on the size, location, and amenities. Many of the biggest names in the hotel industry have condo-hotel buildings, including Hilton, Four Seasons, Clarion, and Ritz-Carlton. Donald Trump has numerous condo- hotel facilities across the country, including a building in Fort Lauderdale and another in Sunny Isles, Florida. In general, condo-hotel properties have been highly successful with all or nearly all units selling out within months of the first offering. For example, the Ritz-Carlton Key Biscayne is a beachfront property with 188 condo-hotel units, all of which sold out a year before the building was even finished. Needless to say, the values of the condo-hotels in this building have gone up significantly. There are several reasons for the popularity of condo-hotels. When you purchase a property, you purchase a condo unit in the hotel. Unlike a time share, you have access to the property whenever you want, and it is put into a rental pool when you are not in residence. Although developers can't guarantee the properties will rent, management by a well-known hospitality group will typically result in several weeks of rental income. This is one of the biggest appeals of condo-hotels because the rental income can offset some of the costs of owning a vacation property. In addition, the management company takes care of renting the unit, using their connections and expertise. You don't have to worry about any of these details. Most rental agreements split the income 50/50 between the management company and the owner. However, some properties offer more favorable arrangements, and this is another aspect to consider when deciding which property to purchase. Despite the fact that the property is in a hotel setting, a condo-hotel is considered a private residence, and owners are eligible for mortgage interest deductions and all the other tax advantages that come from owning a second home. However, most condo-hotels do not allow you to live in the unit year round. This is because the management company wants to rent out the unit when you are not there, so both you and they can profit from that rental income. Each condo-hotel property has its own residence restrictions that indicate the maximum amount of time you can live in the property. This is an important piece of information to consider before purchasing a condo-hotel unit. Most owners do not intend to live in their condo year round, so this is not a concern in typical circumstances. Why not just rent a hotel room? In addition to the investment aspect, condo-hotels usually offer more room than a standard hotel room. Most suites are one or two bedrooms, and larger units are available. Condo-hotels typically have cooking facilities and other homey features that hotel rooms do not. This makes it ideal to have family stay with you when they come to visit. With the advantages they offer over time shares, it's easy to see why so many people looking for a vacation property investment they can also enjoy when they want are now looking at condo-hotels. For more on finding and buying the right condo-hotel, check out Make Your Next Home a Resort, the 2005 Guide to Condo-Hotels, Fractional Shares and Resort Residences. You can download the Guide as a pdf file at http://www.InvestingIN.com/realestate/resorts/resort4u.htm Leon Altman is the founder of the InvestingIN Real Estate Letter - http://www.InvestingIN.com/realestate/LtrSignup3.htm- and its parent website, http://www.InvestingIN.com - a website that provides articles and newsletters about opportunities in different areas.
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Seattle DJC.com local business news and data - Real Estate - 100-unit building on tap for Capitol Hill Seattle Daily Journal of Commerce Kamiak Real Estate says it has a midblock site at 21 Belmont Ave E. under contract. The early plan, by HyBrid Architecture hasn't yet entered design review, and ... Real estate and mining: a significant link Elko Daily Free Press Is Elko's economy headed up or down? Northeastern Nevada's gold mining industry has seen three rounds of layoffs so far this year, and residents are ... Is Your Local Real Estate Market About To Heat Up? Five Signs To Watch For Forbes Here are some things to watch for when trying to determine what your local market is trending toward. Real-estate Matters: Mom placing home in trust makes sale easier for inheritors The Columbus Dispatch Q: I need advice about selling a home held jointly in a trust in my name and my brother's name. This was my mother's house originally, and she has since died. Seattle Restaurants Getting Smaller, and Better, In Real Estate Crunch Fortune With real estate at a premium, successful restaurateurs are opening tiny spots to squeeze into whatever space they can find. Six Ways To Build Culture At Your Real Estate Brokerage Forbes Real estate agents tend to have many options available when it comes to choosing a brokerage that is a fit for them, so it is important to invest in and grow the ... Macy's Real Estate Assets Are Not Worth $21 Billion Seeking Alpha Starboard Value's $21 billion estimate for Macy's real estate assets is no longer valid. Macy's liquidated over $1.5 billion of real estate assets from 2016-201. Welcome to Real Estate Friday! | theberkshireedge.com Property of the Week –Mary Jane White of Cohen+White Associates offers a stunning colonial revival — a house for all seasons. What's on the Market – It's ... Real Estate Briefs | Business Charleston Post Courier U.S. News & World Report lists Charleston as one of the top beach towns to retire. Opinion: Trump's acting like a real estate developer Pocono Record Most administrations come into power with some roughly recognizable templates for both domestic and foreign policy, shaped by the history and personnel of ... Interest in Airways buildings is sky-high Colorado Real Estate Journal Four Class A distribution buildings at Airways Business Center produced a feeding frenzy among investors before selling to a real estate investment trust for ... Real Estate Transactions for Sunday, June 16, 2019 | Transactions Charleston Post Courier The transactions listed below include properties sold for $250,000 or more and recorded between April 11-12. Charleston. Amy R. and Stuart L. Novek sold Unit ... Developer, real estate brokerage face lawsuit over failed tiny-house project WSOC Charlotte A recent lawsuit claims a promised refund has yet to be issued to an individual who paid a $4000 fee for a tiny house that was never built in west Charlotte. 3 steps everyone should take if they want to own real estate by age 30 Business Insider Aspiring real-estate owners should establish a property goal, quantify the down payment, and become knowledgeable about real estate. Real Estate Happenings | Real Estate Charleston Post Courier Open House at The Gadsden. WHAT: Open house at The Gadsden Luxury Condos; view model residences and amenities. WHEN: June 15, 23 from noon to 3 ... Fire Extinguisher Market Projections to 2024 - Rising Commercial Real Estate Investments Extend New Opportunities Yahoo Finance Dublin, June 17, 2019 -- The "Fire Extinguishers: Global Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.. The real estate market is hot in the Niles-Buchanan area. Is legal marijuana a reason? South Bend Tribune Industrial and commercial properties are in high demand in southern Michigan since marijuana became legal in the state. Real estate notes Oklahoman.com County assessor offers website training The Oklahoma County Assessor's Office will present a "crash course" highlighting new features of its award-winning ... KKR Real Estate Finance Trust Inc. Declares Quarterly Dividend of $0.43 Per Share of Common Stock Yahoo Finance NEW YORK--(BUSINESS WIRE)--. KKR Real Estate Finance Trust Inc. (KREF) today announced that the Board of Directors has declared a dividend of $0.43 per ... Titans of Real Estate in ‘Shock’ Over New York Rent Law Deal The New York Times Landlords were “shocked” by Tuesday's deal strengthening tenant protections. Real estate records, 06/16/19 | Real Estate Records | journalstar.com Lincoln Journal Star Rokeby Holdings Ltd to Manion Construction Inc, 7341 Swiss Alps Ave, $79950. Residential real estate transfers, June 16 | Real Estate Transfers Omaha World-Herald Eggers, Randal C. to R5 Real Estate LLC, 18606 Northern Hills Drive, $815,000. Quackenbush, Robert W. Jr. and Genie to Reyes, Kara, 8808 N. 158th St., ... Italy Enjoys Return Of High-Flying Real Estate Investors And Buyers Business Times Real estate in Italy remains a huge draw for those who can buy. History, art, and culture have always been big in Italy. Add the food, and it's understandable why ... June 15 Real Estate Transactions The Newark Advocate 1128 Homer Rd, Mcdonald Mitchell L and Jayme L, Harrod Benjamin R and Abigail R, 5/9/2019, $53,000. Reynoldsburg. 8950 Trinity Cir, Long Michael L and ... 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Meet REW's 2019 Leading Ladies Real Estate Weekly The women making great strides in the New York real estate industry. Growing real estate trend trades off money for convenience WRAL.com The iBuyer market is giving the traditional real estate market competition, allowing sellers to get cash for their houses fast. Real-estate tech startups grow Crain's Chicago Business One expert says he's seeing new and innovative ideas literally every week. Can the Chicago market sustain the explosion? A slew of big real estate companies might soon be fighting to buy your house OregonLive It remains to be seen how many homeowners will risk leaving money on the table for the sake of convenience. Tenant advocates and real estate insiders react to New York’s rent law reform Curbed NY Governor Cuomo is 'ready to sign the bills' that will strengthen tenant protections throughout New York state. Solid Week For Real Estate As Mortgage Applications Surge Seeking Alpha Adding to strong gains so far in 2019, REITs and Homebuilders delivered another solid week of outperformance, pushing YTD gains above 20% and 30%, ... Real estate firm buys Baltimore waterfront property with an eye toward port-related business Baltimore Sun Greenspring Realty Partners, a real estate and investment firm, and the Berg Corp., a demolition company, have acquired a 12-acre marine terminal that they ... Moore Real Estate | Fort Worth Fort Worth Star-Telegram DeeAnn Moore of Moore Real Estate presents her listing located in Mira Vista, Fort Worth's only 24-hour guarded, gated golf course community. Why A Tiny Vermont Town Could Be A Model For Impactful Real Estate Investing Forbes Starting with the arts, and a paradigm of urban real estate impact investing, the community of White River Junction, VT supports galleries, business museums, ... 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Critics see it as a hustle, while supporters say it is a smarter way to use a vacation home. So You Want to Be a Real Estate Agent? The New York Times Real estate agents can make a good living, but how well they do depends a lot on where they're working, according to a recent study by WalletHub. Where are ... Silicon Valley real estate: $8B Santa Clara mega-development moves ahead Curbed In Silicon Valley, where big-money valuations are commonplace, a planned $8 billion real estate project set to break ground has captured the attention of the ... Who Is Today's New York City Luxury Real Estate Buyer? Forbes Who's buying these big-ticket New York City homes? In San Francisco, it's the Silicon Valley people. Energy Efficiency Program: IT Optimization in Real Estate RADIO.COM Reducing energy costs for your business can add up to visible savings that can have a noticeable impact on your cash flow. Without consistent cash flow, it can ... Kohles Chapel completes real estate exam, joins Metro Realtors Billings Gazette Lisa Kohles Chapel has successfully completed her real estate exam and joined the team at Metro Realtors LLP. Rent Laws’ Impact: Tenant Paradise or Return of the ‘Bronx Is Burning’? The New York Times The Bronx could be the epicenter for the rent regulation overhaul, and there are two starkly different visions of how it will play out. Real Estate – June 15 Greenfield Daily Reporter The following real estate transfers were recorded recently in the Hancock County Recorder's Office:May 2Scott Douglas to Marcia A. and Robert Douglas, 486 S. Real estate is at a ‘tipping point,’ analyst says Inman.com Traditional models shouldn't be fully counted out, but they need to change, according to John Campbell. He's downgraded Realogy's target share price from $16 ... Italy’s Real Estate Resurgence: Why High-End Buyers Are Returning Now Mansion Global For lovers of history, art, culture and food, Italy has always had a certain draw. But even the biggest Italophiles often shop around for years before committing to ... Top 10 Brooklyn Real Estate Listings: Park Slope Wood Frame, Neo-Grec in Bed Stuy Brownstoner The most popular listings on Brownstoner this week include a wood frame in Park Slope, a freestanding home in Fiske Terrace and a Neo-Grec brownstone in ... Denver's Real Estate Market Tells a Tale of Two Cities 5280 | The Denver Magazine Denver's real estate market continues to cool—relatively speaking—with the average days a residential listing spends on the market up 26 percent over the last ... Real Estate Groups to File Lawsuit If Rent Reform Passes Commercial Observer Industry leaders are planning to file a lawsuit against the state to challenge a sweeping rent regulation package. Real-estate sector ‘at the tipping point’ prompts stock analyst to flip his ratings MarketWatch All the long-promised changes in residential real estate are finally upon us, says one analyst in a recent note, changing his outlook on the stocks under his... Collateral damage? Real estate sounds alarm on rent regs’ impact on condos, 421a The Real Deal With the elimination of vacancy decontrol, landlords can't deregulate units in buildings receiving 421a until the tax break expires (Credit: iStock). Changes to the ... How Ukrainian Oligarchs Secretly Became the Largest Real Estate Owners in Downtown Cleveland Cleveland Scene In an explosive legal complaint filed last month in Delaware, attorneys for a major Ukrainian bank alleged that two oligarchs who founded the bank and... Government's auction of confiscated real estate set for June 23 Mexico News Daily Confiscated real estate — one parcel housed a meth lab — goes on the block next week in another government auction. Real estate developer Group Mach makes formal bid for Transat Reuters Quebec real estate developer Group Mach Inc said on Friday it had formally tabled an offer for Transat AT Inc that was higher than Air Canada's earlier bid for ... Sponsored: Real Estate Confidential: A stroll through Menemsha Martha's Vineyard Times Real Estate Confidential is a weekly chit-chat about new listings, sales, or other insider info on the Martha's Vineyard Real Estate market, by Fred Roven, ... When the Real Estate Mogul Tried to Supersize His $8 Million Brownstone The New York Times In Chelsea, a wealthy investor with plans for a dream home must face preservationists who contend that things have gone too far. Interest rates are down, so is it time to refinance? WTOP Interest rates for mortgages are low __ really low. As of the first week of June, long-term mortgage rates were down for the sixth consecutive week. The 30-year ... Convicted real estate fraudster Rick Koerber has been threatened in jail, and that has led to another delay in his case Salt Lake Tribune To prepare for an evidence hearing next week, a federal judge allowed convicted real estate fraudster Rick Koerber to spend hours on the phone with his ... Local real estate market brings more opportunities for buyers Redmond Reporter Homebuyers are also benefiting from lower interest rates, which are currently are less than four percent. Washington Real Estate Investment Trust Confirms 2nd Quarter 2019 Earnings Release Date and Conference Call Information GlobeNewswire WASHINGTON, June 14, 2019 (GLOBE NEWSWIRE) -- Washington REIT (Washington Real Estate Investment Trust – NYSE: WRE), a leading owner of ... The Last Residents of the Hotel Bossert New York Magazine From the outside, the Hotel Bossert in Brooklyn Heights looks to be deserted. But on the tenth floor of this historic hotel you'll find two of just five rent-stabilized ... Real estate news: Santa Ana apartments under construction sell for $101 million, or $445,000 per unit OCRegister A new apartment complex sprouting up near the 22 freeway in Santa Ana has sold for $101 million or $445,000 per unit. The Line at Santa Ana will have 228 ... Real Estate Agents Answer: What Are The Most Costly Mistakes Property Investors Make? Forbes Investing in real estate is a gamble, one that either pays off big or sets you back. With that in mind, I've taken it upon myself to ask veteran real estate agents to ... How the US can stop real estate money laundering Quartz A loophole in America's anti-money laundering regulations lets criminals use US real estate as a slush fund. But there's an easy solution. 9 tips for working with dad from a father-daughter real estate duo Inman.com As Father's Day approaches, Fred Warburg Peters and Clelia W. Peters sat down to discuss how they maintain and grow their working relationship. Here are ... ‘Barndominiums’ are the next big thing in real estate right now Inman.com Once widely confined to Texas, "barndominiums" are now having a star moment outside of the Lone Star State. The best explanation for Trump’s presidency: He’s acting like a real estate developer The Washington Post He's taking a developer's approach to the White House: Sometimes you win big, and other times you lose everything. Houston Chronicle parent shedding more real estate Houston Chronicle Hearst Newspapers is putting two more Houston properties up for sale as it continues to shed underutilized real estate throughout Texas. |
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