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Updated almost 2 years ago on . Most recent reply

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5
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4
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Brett Mazzerle
4
Votes |
5
Posts

Condotel that doesn't bleed cash

Brett Mazzerle
Posted

I know they are not the best investment, but they do give me the flexibility to visit on occasion.  Are there any to absolutely stay away from, or ones that are generally better investments?  I know financing is an issue, so I would be most likely doing a cash deal.  I like the low entry point at Platinum, and am OK with the 60 days max occupancy.  Is it fools gold?

Most Popular Reply

User Stats

440
Posts
256
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Justin Phillips
  • Lender
  • Phoenix, AZ
256
Votes |
440
Posts
Justin Phillips
  • Lender
  • Phoenix, AZ
Replied

I love Hawaii and would love to have an investment out there. However, I've come to the conclusion that it's smarter to buy a cashflowing property wherever you can find it, and use some of that cashflow to go on a nice trip. 
Mixing business and pleasure usually just ends up in less of both. Find a solid investment, then enjoy the fruits of your labor! 

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