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Hotel Condos / daily rental investments

Started by SteveFischer
about 9 years ago
Posts: 0
Member since: Feb 2017
Discussion about
Are there hotel condos in the under $700k range available? Do they generate income? Is there other rental vehicles for those who visit now and then?
Response by Riversider
about 9 years ago
Posts: 13572
Member since: Apr 2009

Terrible deal. You are providing cheap financing and covering the hotels expenses and enjoy little upside. They tout them as homes that you can use for x number of days per year which only muddies the math. These should be marketed as securities. and not real estate.

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Response by dmargolies
about 9 years ago
Posts: 9
Member since: Jan 2010

also a nightmare to resell or get financing...

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