|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.
Massachusetts real estate transactions for Hampshire and Franklin counties, March 29, 2020 - MassLive.com
Massachusetts real estate transactions for Hampshire and Franklin counties, March 29, 2020 MassLive.com
Erie County Real Estate Transactions Buffalo News
'Listing Impossible' star Aaron Kirman says coronavirus could devastate the real estate market - CNBC
Real estate, commercial deals March 29, 2020 Longmont Times-Call
Inslee issues additional guidance on funerals and real estate transactions, letter to tribal governments - Access Washington
Inslee issues additional guidance on funerals and real estate transactions, letter to tribal governments Access Washington
Routt County real estate sales total $9.6M for March 20 to 26, 2020 Steamboat Pilot & Today
Real estate deemed essential business Santa Clarita Valley Signal
Politics & Real Estate New York City Andrew Cuomo's Big Moment Commercial Observer
Real estate transfers | News, Sports, Jobs The Steubenville Herald-Star
Real Estate In The Time of Coronavirus Baristanet
Pandemic changing how Augusta-area real estate agents show homes The Augusta Chronicle
Managing construction in an occupied building Colorado Real Estate Journal
Open for business: Real estate protocol in a pandemic The Grand Junction Daily Sentinel
Real estate transactions for Sunday, March 29, 2020 | Business Quad-Cities Online
Residential real estate expert encouraged, says 'options out there' The Dallas Morning News
In coronavirus era, real estate curbside closings become common Crain's Chicago Business
Real estate agents test their creativity, homebuyers test their patience during coronavirus shutdown - syracuse.com
Real estate agents test their creativity, homebuyers test their patience during coronavirus shutdown syracuse.com
Real estate agents turn to technology to sell homes Channel3000.com - WISC-TV3
Real estate transfers: Reported March 29, 2010 Herald-Whig
Real Estate Guide: This Custom San Angelo Home was Built Around a Magnificent Pool - San Angelo LIVE!
COVID-19 affects real estate industry Muskogee Daily Phoenix
Top 10 Brooklyn Real Estate Listings: A Wood Frame in Greenpoint, an Italianate in Clinton Hill - Brownstoner
Top 10 Brooklyn Real Estate Listings: A Wood Frame in Greenpoint, an Italianate in Clinton Hill Brownstoner
Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package The New York Times
Worcester County real estate transfers, Sunday, March 29 Worcester Telegram
Real estate market put 'in limbo' | News, Sports, Jobs Altoona Mirror
Race is on to fill empty real estate along US 64/Stage Road corridor The Daily Memphian
Real Estate Market Report Highlands Current
Covid-19 causing problems for real estate agents WFMYNews2.com
Understanding a Real Estate Income Statement Motley Fool
Hot Property newsletter: Navigating the real estate slopes Los Angeles Times
Shreveport-Bossier real estate: Virtual home shopping Shreveport Times
REAL ESTATE: Is the Coronavirus Causing a House Crisis? Market Conditions Far From 2008 | - SpaceCoastDaily.com
REAL ESTATE: Is the Coronavirus Causing a House Crisis? Market Conditions Far From 2008 | SpaceCoastDaily.com
REAL ESTATE ONE -SOUTHGATE | Ads Southgate News Herald
How Does Sirius Real Estate's (LON:SRE) P/E Compare To Its Industry, After The Share Price Drop? - Yahoo Finance
How Does Sirius Real Estate's (LON:SRE) P/E Compare To Its Industry, After The Share Price Drop? Yahoo Finance
TerraCap buys Cherry Creek Plaza at $54.5 million Colorado Real Estate Journal
South Florida commercial real estate closings face delays and cancellations due to coronavirus economic meltdown - The Real Deal
South Florida commercial real estate closings face delays and cancellations due to coronavirus economic meltdown The Real Deal
Closing real estate transactions during a pandemic Lake County Record-Bee
Solano Real Estate Scene: March Madness in jumbo Fairfield Daily Republic
Real-estate transactions: March 27, 2020 - Entertainment & Life Peoria Journal Star
COVID-19’s impact on local real estate: ‘You’re not really seeing as many open houses right now’ - 8News
COVID-19’s impact on local real estate: ‘You’re not really seeing as many open houses right now’ 8News
Greenwich Real Estate Report: March 20-27, 2020 Greenwich Free Press
Real estate transactions for March 29, 2020 | Business Roanoke Times
Coronavirus slows real estate moves, but doesn't stop them Chicago Tribune
Real estate business implement new methods during COVID-19 Citizentribune
New area real estate industry personnel for March 29, 2020 Daily Local News
Here's some good news from the Anchorage real estate market Anchorage Daily News
Coronavirus Market Reset Highlights NYC Real Estate Interdependence of Public and Private Partnerships - GlobeSt.com
Coronavirus Market Reset Highlights NYC Real Estate Interdependence of Public and Private Partnerships GlobeSt.com
What's in the Federal Relief Bill for Real Estate Firms Commercial Observer
The ol' cabin still provides refuge | Real Estate Santa Fe New Mexican
Dodge County real estate transfers Fremont Tribune
As coronavirus impacts home showings, Atlanta real estate market takes hit, adjusts - Curbed Atlanta
Recent Commercial Real Estate Transactions The New York Times
Austin real estate market still 'hot' during coronavirus pandemic as agents make adjustments - KVUE.com
Austin real estate market still 'hot' during coronavirus pandemic as agents make adjustments KVUE.com
Harris County says real estate services are essential amid coronavirus stay home order - Houston Chronicle
Harris County says real estate services are essential amid coronavirus stay home order Houston Chronicle
Real Estate 2020: Is the market poised for an upswing? Connecticut Magazine
Wealthy real estate investors get tax cut in coronavirus stimulus - Business Insider - Business Insider
Wealthy real estate investors get tax cut in coronavirus stimulus - Business Insider Business Insider
Why Ariana Grande Isn't Publicizing Her Relationship With Real Estate Agent Dalton Gomez - Showbiz Cheat Sheet
Why Ariana Grande Isn't Publicizing Her Relationship With Real Estate Agent Dalton Gomez Showbiz Cheat Sheet
We Are Concerned About The Real Estate Market – Part II Yahoo Finance
How Coronavirus Has Affected Real Estate The New York Times
Commercial real estate and COVID-19 Finance and Commerce
Piedmont real estate takes a hit during coronavirus crisis WGHP FOX 8 Greensboro
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|