One of the other trends that I've noticed here is the aparatment conversions. ... tons of them have converted into condos.

Developers can and will do the same.The above is much more likely when you are talking pre-sales for a large condo development that needs to start now but can not release units for 2-3 years.

There can be a shortage of 3 bed rental apartments while an oversupply of 2 bedroom apartments.

There was a time I managed nearly 100 Section 8 units, mostly single family 4 bedroom, innercity homes.

"4 bedroom house on the Northwest side.

We like the idea of a condo b/c it's low maintance and we won't be spending a lot of time there.

:help: :help: :help: 485 sq ft Studio in apartment turned condo, in community that rents at around 95% occupancybuilt 1983, updated in 20031/4 mile from Palms CasinoSales price 110K, 10% down required11K cashback at closing, if financing is done through preferred lender (covers 10% downpayment)Management takes care of all internal repairsCurrent tenant renting at 605/month, on lease through 3/1/08Developer offering leaseback of 770/month + no HOA fees or Mgmt fees for 2 years (guaranteed to net profit $90 per month after taxes for 2 years)After 2 years, owner receives whatever property rents for, plus is put in a "Shared Rental Pool": a quarterly check of [Going Rent of all comparable studios in community]X[% Occupied in community]-[losses/improvements of the community].

Ever since then, I've spent my time accumulating knowledge, honing my sales and communication skills, and finishing college.My first deal will probably be when I buy my first condo after my lease is up.

As you know, the florida condo conversion market was hot...and I was selling out entire conversion projects.

The homes (single family residence, townhouse, condos etc…) selected for this program are in good to excellent condition, in nice neighborhoods and usually do not require rehab.Qualify Credit Partner.