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6 January 2021 | 9 replies
@Hari Mann From your first post it sounded to me that you purchased a 35 unit condominium complex and that you are treating the property as an apartment building?
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6 July 2020 | 132 replies
The only exception is if the property is a condominium and the condominium corporation’s declaration prohibits pets.Interestingly, a landlord can refuse to rent to a person who has a pet (no discrimination clause), but a landlord cannot evict a tenant simply because they were unaware of a pet, or because the pet was adopted after the tenant moved in.
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10 July 2020 | 8 replies
That used to be known as a "condominium park" back in the day.
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29 June 2020 | 2 replies
ATTOM Data Solutions released its first-quarter 2020 “Home Flipping Report” showing that 53,705 single-family homes and condominiums were flipped in the first quarter.
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19 July 2020 | 18 replies
So I was reading articles online and discovered that the market is really strong in the Philippines and demand for real estate condominiums.
1 July 2020 | 2 replies
What do you guys think about condominiums, would you guys call this a good investment ?
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6 July 2020 | 4 replies
My partner and I have a market for beach rentals. Small Condos only 500sqft. Anyone ever built a business around flipping older units? Any gotchas? We both own in the complexes so we have established relationships wit...
11 August 2020 | 1 reply
Hello, I currently own one unit in a self-managed condo. The condo is managed by an association, and I have the opportunity to take the function of a president. The issue lies with the previous president (who I shall ...
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12 August 2020 | 3 replies
I've just never seen a good price/details mix for me to personally get involved.Like all commercial property, if you're going to rent it out you really need to keep long vacancy times between tenants in mind; depending on the area and state of the economy it could be 6-24 months until you find another tenant so be sure to include that in your risk/return modeling.Carrie, my general thoughts are that there's probably very little condo-specific as far as advice goes, besides reading the condominium docs closely of course and paying attention to any upcoming special assessments (e.g., new roof needed soon) or planned fee raises - which you'd do for residential condos too.For the most part, you're basically buying a retail property in that area, just on a smaller scale, so you should be able to find a lot of helpful advice/resources under that rubric.
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12 August 2020 | 1 reply
Per Jhoana Olarte just an hour ago on another thread: Following a strong performance in June, single-family home sales soared into record-setting territory in July, leaping 23.0 percent year-over-year with 10,975 units sold – a record one-month sales volume;-The Days on Market (DOM) figure for single-family homes expanded from 51 to 56 days;-Total property sales soared 25.0 percent with a record-setting 13,043 units sold;-Total dollar volume shot up 33.8 percent to $4.1 billion;-The single-family home median price set a new record high of $271,830 as it rose 8.7 percent year-over year;-The single-family home average price jumped 8.5 percent to $338,350 – also an historic high;-Single-family homes months of inventory was at a 3.0-months supply, down from 4.2 months last July and below the national inventory level of 4.0 months;-Townhome/condominium sales were flat, with the average price up 9.9 percent to $223,190 and the median price up 12.3 percent to $183,000;-Single-family home rentals rose 2.9 percent with the average rent up 1.8 percent to $1,940;-Townhome/condominium leases increased 6.9 percent with the average rent unchanged at $1,659.Source: HARShe just posted this information and will, more likely, get a great response.