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Post n°1 pubblicato il 20 Aprile 2008 da jacobeachcondoconver
The condo conversion craze began with the low interest rate affliction that was crippling apartment fundamentals. Condo developers were willing to pay a premium to buy and turn rental properties into condos. The cash-on-cash returns that successful condo sales can generate are between 15% and 30% or more in a matter of months. Another benefit seen from condo conversions is the creation of more affordable housing in areas famous for steep single-family home prices.
Despite any controversy that condo conversions have created in the real estate market, it is still a smart, beneficial way to invest in real estate.
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