Did you know that you can invest in a condo in a building that’s run like a hotel? I’ll explain how this unique investment property works today.
Most people don’t know about this type of investment property, but it can be a great way to start investing in real estate.
Basically, you buy a condo in a building that is run like a hotel. You can use the condo whenever you want. When you don’t want to use the condo, the staff and management at the hotel advertise it and rent it out for you.
That way, when you’re not there, the condo is making you money. When you do want to use the condo, it’s available for you to use.
This is a great option for a vacation home or weekend getaway. Maybe you live a little bit inland near Orlando and you want a place by the beach. There are a number of options on the beaches here, and a couple of golf courses have these properties as well.
Whether you’re up north, nearby, or a new investor who wants to try something that’s not a lot of work, this could be the right avenue for you.
If you are interested in this kind of property or you have any questions, just give me a call or send me an email. I would be happy to help you!