Paul Smythe
Recommendations for Condominium Portfolio Loan in Georgia
Does anyone know of a lender that will lend on a condominium portfolio in Georgia in the low $1 million price range? This is a unique transaction in that it is a portfolio of residential units instead of on commercial...
Account Closed
How do people make money in condominiums?
I'm going to sound like a real novice on this one....How do people make money by owning condominium buildings? Not the units, but the building itself?Do the people that own the units pay them a fee? How much is it usu...
Tommy Cheng
Owning multiple units in the same condominium?
What are your thoughts on owning multiple units within the same condominium complex? For example, owning 3 Units in a 15 Unit Complex.
Basically, I've seen this deal presented a few times, but even when numbers work,...
Donald M.
Minimum Downpayment for an owner-occupied condominium
I am thinking of buying a condominium which I will owner-occupy, at least initially. In general what should I think of as the minimum downpayment and can I contact any lender to get it, eg should I just look for h...
Ryan Brooks
Small Ocean front or larger offshore condominium!
I’m a first time investor and looking to invest in a second home/vacation rental in the Myrtle beach area. Does anybody have experience with beachfront smaller condominium complexes? Are they worth it? Lucrative? What...
Jeremiah Dye
Condominium Association responsible for heavy rain damage?
I am on my Condo association board and over the weekend we had heavy rains which caused flash flooding here in Colorado Springs. A condo homeowner got some water into her unit and wants the association to pay to clean...
Ali Syed
Investment in a condominium in Bridgeport Ct.
I'm thinking of investing in a 2 bed, 3 bath condominium in Bridgeport, Ct. The asking price is $175,000. The HOA fees are $150/mon, Taxes $300/mon. Most similar properties in the area have been leased for between $15...
Ted Deits
Sub $150,000 Take Out Loans, Storage Condominiums
I am a developer of storage condominiums in Southern California. I am on my 2nd project, my first being in Beaumont Ca and my 2nd in Palm SpringsBack story-Storage condominiums while rather new, are filling a gap t...
Joel Calkins
What do you know about Condominium Development?
Let’s talk Condominium developments!Here’s the situation. Small town condo development. No new projects set to be built within the near future. 20 or so units 3 Bed 2 Bath.Right now it’s a patch of dirt but the deck h...
Ray Rhoads
Buying a Condominium Building on the Beach
I found a 396-unit condominium building ON the beach in South Florida that needs a TON of work. However, once rehabbed or redeveloped, it’s in a massively up and coming area(not the up and coming area that’s gross, th...