Condos: Overlooked Cash Cows?

Screen Shot 2013-08-08 at 9.25.26 AMCondos…

Overlooked Cash Cows?

Last week we took an in depth look at several previously owned residential investments.  In working through the process we noted that at the moment Condos in many cases seem to be offering better than 100:1 returns as rentals!

Previously not on our radar, GEE’s giving these low cost buy in options a closer look.  Here’s some of our findings:

  • While investors are quick to pick up on single and even multi-family residences, condos may seem hardly worth the effort and therefore are remaining on MLS for extended periods.
  • Owners often remodel these units for quicker turn around, thereby decreasing the cost and loss of rental income it takes to remodel other kinds of properties.
  • Listing prices are being reduced to entice sales.
  • Some owners are willing to carry loans to motivate buyers.
  • Sellers may be open to further price negotiations.
  • Often two or more condos are available in the same location for those interested in multiple properties and/or bulk offers.

If your interested in this kind of investment opportunity or have some condo buying insights to share join us this week.

To download this Webex presentation click here. To watch this audio/video presentation you’ll need to install the FREE Webex .ARF Player for either Windows or Mac.

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