
What is the Difference Between a Condo and a Condotel?
While looking into real estate opportunities in Florida, you might find yourself confused about the terms “condominium” and “condotel.” While
While looking into real estate opportunities in Florida, you might find yourself confused about the terms “condominium” and “condotel.” While
Interest is growing rapidly in condotel financing. But while more and more borrowers are considering investing in condotels, many have
If you plan to purchase a condotel, Miami is certainly the right place for it. In fact, few other locations
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When looking into real estate opportunities in Florida, it is important to understand the distinction between a condominium (condo) and a condotel. While condos are typically owned by individuals who reside in them either full-time or part-time, condotels are units within a hotel complex that can be rented out by the owner when not in use. This unique concept allows for both personal use and potential rental income, making it an attractive investment option for many buyers.
At Lending Bankers Mortgage, we specialize in helping clients secure financing for both condos and condotels in the Miami area. Whether you are looking to purchase a vacation home or invest in rental property, we can guide you through the loan application process and help you find the right financing option for your needs. Contact us today to learn more about how we can assist you in buying a condotel in Miami, FL.