|Real Estate Information|
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.
Real estate broker: Phase Two decision "unbelievable" | Coronavirus Plattsburgh Press Republican
Uneven Stock Recovery Divides Real-Estate Industry The Wall Street Journal
Richland County real estate transfers: May 14-27 Mansfield News Journal
Real Estate News | Business Charleston Post Courier
This Week in EG Real Estate: Hyland Bungalow – East Greenwich News East Greenwich News
Real Estate Transactions: May 30, 2020 Fairfield Daily Republic
As Chicagoland reopens, what are the new rules for real estate? Chicago Agent magazine
Making Moves: Bonnie Metviner named regional VP of Real Estate Council Miami Agent magazine
Here's why some believe COVID-19 could be boost to rural real estate markets Record Searchlight
An illness much worse than COVID-19? Try distress! Inland Valley Daily Bulletin
Real estate pivoting: shockingly bad to shockingly good CapeGazette.com
11 SoCal real estate twists: coronavirus, ‘Flintstones’ house, icon dies - Long Beach Press Telegram
11 SoCal real estate twists: coronavirus, ‘Flintstones’ house, icon dies Long Beach Press Telegram
Sold: Search the latest Macon County real estate transfers Herald & Review
Austin real estate deals keep rolling in despite pandemic Austin Business Journal
Real Estate – May 30 Greenfield Daily Reporter
Solano Real Estate Scene: No fees, no cost; no way Fairfield Daily Republic
The Pipeline: Commercial real estate roundup for 5.29.20 RichmondBizSense
Philadelphia Commercial Real Estate Wrap-Up – May 2020 Commercial Property Executive
Distressed Real Estate Market Beckons Opportunistic Buyers The New York Times
Hawaii commercial real estate investment to drop by 50% in post-Covid 2020, Colliers says - New York Business Journal
Hawaii commercial real estate investment to drop by 50% in post-Covid 2020, Colliers says New York Business Journal
Real estate transactions: Prologis lands tenant in north Houston industrial park - Houston Chronicle
Apex Real Estate Partners names Cole managing director • Daily Journal of Commerce - Daily Journal of Commerce
Apex Real Estate Partners names Cole managing director • Daily Journal of Commerce Daily Journal of Commerce
Analysis: Idaho's commercial real estate market health Idaho Press-Tribune
Impacts still taking shape: Texoma real estate market plans for 3rd quarter - Sherman Denison Herald Democrat
Impacts still taking shape: Texoma real estate market plans for 3rd quarter Sherman Denison Herald Democrat
City sued by real estate company for destroying property - Dominion Post The Dominion Post
Hamilton County real estate transactions, May 21-27, 2020 Chattanooga Times Free Press
Illinois Muni allocates $82.5 million to real estate, private equity Pensions & Investments
NEW: DeSantis’ indecision on extending eviction ban leaves renters, real estate in limbo - Palm Beach Post
NEW: DeSantis’ indecision on extending eviction ban leaves renters, real estate in limbo Palm Beach Post
Carolina One Real Estate welcomes Lance Morrison | Business Charleston Post Courier
Amid real estate turbulence, Adirondack brokers see upswing | News, Sports, Jobs - The Adirondack Daily Enterprise
Amid real estate turbulence, Adirondack brokers see upswing | News, Sports, Jobs The Adirondack Daily Enterprise
CT: Non-Resident Real Estate Owner Estate & Gift Tax Strategies The National Law Review
Real estate: On the market Greenville Journal
Real estate feeling effects of pandemic - Winchester Sun Winchester Sun
Rebuilding America: Local real estate agents say homes are still selling despite coronavirus - Lansing State Journal
Rebuilding America: Local real estate agents say homes are still selling despite coronavirus Lansing State Journal
Back to the drawing board: Reimaging commercial real estate development projects in Miami - South Florida Business Journal
Back to the drawing board: Reimaging commercial real estate development projects in Miami South Florida Business Journal
Recent Commercial Real Estate Transactions The New York Times
[Webinar] McDermott Fundamentals Webinar Real Estate Fund - Basics Of The Luxembourg Location And Fund Taxation - June 17th, 10:00 am - 11:00 am CEST - JD Supra
[Webinar] McDermott Fundamentals Webinar Real Estate Fund - Basics Of The Luxembourg Location And Fund Taxation - June 17th, 10:00 am - 11:00 am CEST JD Supra
Portland real estate predictions: A summer spike in homes for sale, desire for a built-in hygiene station - OregonLive
Portland real estate predictions: A summer spike in homes for sale, desire for a built-in hygiene station OregonLive
Genelle Deist Earns Prestigious CRS Designation for Real Estate - The Audubon County Advocate Journal
Genelle Deist Earns Prestigious CRS Designation for Real Estate The Audubon County Advocate Journal
Real estate commissions: Who pays whom? Washington Post
Public Record: Muskingum County real estate transfers Zanesville Times Recorder
All Things Real Estate: Handymen don't need licenses, contractors do Fairfield Daily Republic
Real estate market hasn't slowed, looks bright as Montana reopens Great Falls Tribune
Ana Varone Awarded Seniors Real Estate Specialist Designation by National Association of RealtorsÂ® - SRQ Daily May 30, 2020 - SRQ Magazine
Ana Varone Awarded Seniors Real Estate Specialist Designation by National Association of RealtorsÂ® - SRQ Daily May 30, 2020 SRQ Magazine
Why Alexandria Real Estate Equities (ARE) is a Top Dividend Stock for Your Portfolio - Yahoo Finance
NY releases guidelines for offices, retail shops, real estate and other phase 2 businesses - syracuse.com
NY releases guidelines for offices, retail shops, real estate and other phase 2 businesses syracuse.com
Miami County Real Estate Transactions Piqua Daily Call
Concept Companies Completes Largest Commercial Real Estate Sale in Alachua County Since 2015 - PRNewswire
Concept Companies Completes Largest Commercial Real Estate Sale in Alachua County Since 2015 PRNewswire
Institutional investment in real estate drops 12% in FY'20 at nearly Rs 33,800 cr: Report - Deccan Herald
Institutional investment in real estate drops 12% in FY'20 at nearly Rs 33,800 cr: Report Deccan Herald
Real estate: The coming crash in commercial property Tahoe Daily Tribune
US core real estate funds' redemption queues reach $14.4bn IPE Real Assets
The latest real estate sales in Meriden for May 7 — 14 . Meriden Record-Journal
SOLD! Real Estate Transfers | Local News carriagetownenews.com
Deal Dash: Plans surface for 770-unit East Nashville development Nashville Business Journal
How millennial real estate investors have shifted their strategy in response to the coronavirus pandemic - CNBC
How millennial real estate investors have shifted their strategy in response to the coronavirus pandemic CNBC
COVID-19 and its side effects have kept rural Pa. real estate agents busy - The Philadelphia Inquirer
COVID-19 and its side effects have kept rural Pa. real estate agents busy The Philadelphia Inquirer
Despite unemployment, Metro Detroit real estate market booming WDIV ClickOnDetroit
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties, May 24, 2020 - masslive.com
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties, May 24, 2020 masslive.com
Seeking Multifamily Real Estate Professionals GlobeSt.com
New owner for Lewiston's Pamco Mill, new real estate office opens in Auburn Lewiston Sun Journal
Social distancing in home selling: How Lehigh Valley real estate agents are adapting to new reality - lehighvalleylive.com
Social distancing in home selling: How Lehigh Valley real estate agents are adapting to new reality lehighvalleylive.com
18 Easy Steps to Buy a Bargain House
What is a "distressed" property? What is "bargain" real estate?A distressed property is one with a distressed seller. Job loss or transfer, divorce, death, pending foreclosure, and lack of money cause sellers to sell fast for less.
How to Use the Internet to Help Your Apartment or House Hunting
So you are looking for an apartment to rent or a house to purchase. One of the most important steps is researching the neighborhood to decide if you really like to live in that area.
Real Estate Investing - The Marvel Of Home Depot And Lowes
Repairing a rental home (or your own home) use to require running down to the local hardware store or to the nearby building supply house. After several stops around town, you found everything you needed to solve your maintenance problem.
Property Investing - Port Melbourne Life on the Edge
Property investing prices pick up following a cooler winter last year. Susannah Petty Reports.
San Diego Real Estate, Million Dollar Homes
San Diego county has always been known for its Luxury Homes, yet in 2004 San Diego County luxury home sales (homes over $1,000,000) hit an incredible 2774 total units, an increase of almost 170% over total sales in 2003!In the entire State of California, A total of 33,107 homes sold for a million dollars or more last year. That was up 73.
New Homes in Ridgefield
Location:Frequent travelers will absolutely delight in this town! As part of the southwest section of Connecticut, Ridgefield is a convenient town to live in since it is only miles away from both the New Jersey Tri-state area and New York City. It is also close to its neighbor, Danbury, and has a steady population that continues to grow.
The Nose Knows
If you plan on getting the most from the sale of your home you better be sure it can pass the "sniff" test. Let's face it your home should smell good.
Real Estate Wealth Protection Through Short Sales
Is a sharp correction in store for the real estate market?Fannie Mae, the largest buyer of mortgages in the US, is worried. They recently warned that the probability of a housing bust has risen sharply in certain parts of the country.
Boston Real Estate - You Still Have Considerable Control Over the Sale of Your Boston Home
Boston real estate is a hot topic. Daily newspaper articles comment on whether or not a bubble exists in the Boston real estate market, when and if it will pop, how interest rates affect the market, why Boston residents are snapping up interest-only loans, and how foreign investors in our treasuries keep interest rates low.
Property Investing Secrets 3
Property Investing Secrets: When you Make Property Easy to Buy for People Using Vendor Finance It Is Easy To SellWhen property investing, my goal is to make it easy for people to buy my properties, that's why I offer vendor finance. You have the advantage when you buy properties from sellers when property investing.
Five Things to Help Sell Your Home Fast, and For More Money
Selling your home requires some thought and a clear plan of action. Here are five things to consider when you're getting ready to sell your home:1) Know Your BuyersAre most of the homes in your neighborhood being bought by first-time or move-up buyers? Depending on which group will be looking at your home, you'll want to do the things that will make your home appealing to those buyers.
Real Estate Appraisal - Rental Properties
Real estate appraisal for rental properties isn't the same as for single family homes. If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold.
Houses For Sale By Owner - Negotiating Tips
Houses for sale by owner, also known as "FSBOs," are a unique case in real estate investment. Buying from an uninformed seller who thought he knew enough to handle everything by himself can be frustrating.
Industrial Income Property Financing: Part 3 of 3
Financial ConcernsOf the three types of income property, industrial property requires the greatest degree of technical expertise and experience. Likewise, financing the acquisition of an industrial income property can be, at best, very risky without adequate planning and know-how.
Youre Not Paranoid: The House Really Hates You
If you've just bought a house, you may be able to relate to a fascinating essay in Maya Angelou's book, Even the Stars Look Lonesome.When Ms.
Real Estate Lease Option Danger
Why are real estate investors having so much successoffering "rent to own" homes?Lease-options offer home ownership opportunitiesto folks with little cash and not so hot credit.Oh boy, there are plenty of those around.
Flipping Fixers: Using Transformation Psychology for Top Dollar
Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a fixer into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits.
Ten Big Mistakes That Will Lose That Property Sale
If you are serious about selling your home, you probably go to a huge amount of effort when you show potential buyers around your property. You clean the bathroom until it sparkles; vacuum the carpet; brew coffee or bake bread; maybe you even banish the kids to their grandparents, but did you make one of these Ten Big Mistakes that can lose the sale - but are so easy to avoid.
The Real Estate Cycle
The real estate cycle, like the business cycle, refers to the activity of the real estate market as it reacts to the forces of supply and demand.Supply and demand.
Real Estate Business
Starting real estate business is not that simple. Multiple aspects of stable business should be considered before you invest even 1$ in real estate.
|home | site map|
|© 2006 TIGER MEDIA|