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by Mark Walters
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business
by either converting owned properties, buying others... or
building new condo developments.
This is a wake up call for the small real estate investor.
Start looking for motivated condo owners!
But watch out for this! Many lenders will stop financing
condos if the percentage of non-owner occupied units building
reaches a level they consider dangerous. This means that you
could have trouble selling units you own at some time in
the future if you're not careful.
Stay in touch with the condo association and
be ready to move quickly if too many investors are buying
units in the development.
You can use most of the same tactics you use to buy single
family homes with condos.
Two of the most powerful tools are lease/options and buying
"subject to"
About the Author
Mark Walters is an investor-entrepreneur helping other investors from his Web pages at
http://www.Lease-Option-Sub2.com |
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