Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance 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.


MORE RESOURCES:

Los Angeles Times

China to limit overseas investments in real estate, sports
Los Angeles Times
China's government is moving to curb domestic companies' investments abroad in property, sports, entertainment and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms. A document released Friday by the ...
China cracking down on investments in sports clubs, real estate, entertainment, pornography and military technologyShanghaiist
China to limit overseas investments in real estate, sports clubsXinhua

all 32 news articles »


Real estate transactions for Sunday, Aug. 20, 2017
TribDem.com
Deborah A. Christofes from Jacqueline Bodenschatz Morrison, by attorney-in-fact, property in Westmont Borough, $65,000. Mitchell Wilson Jr. from S2C LLC, property in Richland Township, $181,000. Kayla Kukenberger Rubis from Telford W. Allison, property ...



Real estate records, 08/20/17
Lincoln Journal Star
Anderson, Adam M & Craig E & Brenda J to Fosket, Shad A & Tina L, 2301 Dudley St., $90,000. Anderson, Christopher L to Hargrave, Andrew J, 1410 Cheyenne St., $112,600. Anderson, Michael J & Roseann to Marron, Mary B, 6400 Ashbrook Dr., $500,000.



Crain's Cleveland Business

Frank Sinito has sky-high hopes for real estate portfolio
Crain's Cleveland Business
That's also how the native Clevelander went from humble beginnings to launching the highly regarded Lockkeepers restaurant to growing an apartment-based real estate empire with 24,000 suites in 26 states. Now the company is so large that it hosts an ...



USDA reports farm real estate, cropland value in Iowa has increased this year
The Daily Nonpareil
SHENANDOAH — Good news when it comes to Iowa farmland and buildings on farms, according to the United States Department of Agriculture Land Values 2017 Summary. The United States farm real estate value, a measurement of the value of all land and ...



CNBC

Christie Brinkley to sell $50 million worth of Hamptons real estate
CNBC
The three-story colonial mansion was built in 1843 by a whaling captain. It still features much of its original carpentry, including the wide-plank floors, oak banister and multiple fireplaces. Brinkley purchased the four-bedroom residence in 2004 and ...



How to nail the real estate post-close follow-up process
Inman.com
You found your buyers the perfect house and helped them write a winning offer. You held their hand through the inspection and appraisal and getting that earnest money check from point A to point B; you were there when they signed their names a hundred ...



OCRegister

Allen Buchanan: What's the MOST important part of a commercial real estate investment?
OCRegister
I believe the income stream is the MOST important part of a commercial real estate investment — otherwise, you don't have an investment, you own an empty building. A commercial real estate investor considers many aspects of his investment. The ...



Texas real estate company buys a big piece of Colorado Springs homebuilder
Colorado Springs Gazette
A deal between a longtime Colorado Springs homebuilder and a Texas real estate company could signal changes in the local homebuilding industry. Privately owned Challenger Homes, one of the area's larger residential builders, has taken the first step ...



Real estate transfers: Reported Aug. 20, 2017
Herald-Whig
Dustin Eugene Hoffman, Sara J. Hoffman and Sara J. Schaller, residence at 927 S. 22nd St., to Olivia L. Stotts. Arlene R. Heck, residence at 1211 Boulder Court, to Brian R. Snyder and Diane M. Snyder. Marta E. Hayner and Marta E. Minnick Huneke ...


Google News

home | site map
© 2006 TIGER MEDIA