If you plan to purchase a condotel, Miami is certainly the right place for it. In fact, few other locations can compete in terms of sheer numbers; they are very popular in this part of the world.
Condotels are a new concept to a lot of real estate investors, so you probably have a lot of questions about shopping for them. Your right to take your time, since cons can easily outweigh pros with a condotel if you pick the wrong unit.
To make sure that you maximize potential profits and minimize possible drawbacks, here is what you should look for when you are purchasing a condotel.
Lending Bankers Mortgage has extensive experience with Miami condotel loans and can connect you with financing that will help you to achieve your real estate investment goals.
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Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.
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