I assimilate the judgment of purchasing the square of genuine estate simply to benefit the profit. But I interviewed currently for the Property Manager on all sides for the let skill which is converting to condo. The owners kept referring to the commission of the units which were “investment units” mandated by the village. The others were “rented” as well as “owned”. What was he referring to?
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- WHAT IS THE BEST HEALTH RELATED SMALL BUSINESS TO INVEST IN THESE HARD TIMES THAT MAY BE VERY REWARDING?
- I AM LOOKING FOR AN ANGLE INVESTOR WHO IS READY TO INVEST IN MY BUSINESS?
- CAN I WITHDRAW MONEY FROM MY RETIREMENT ACCOUNT TO INVEST IN MY NEW BUSINESS AND AVOID THE 10% PENALTY?
- WHY WONT THE IRS LET ME INVEST IN MY BUSINESS?
- WITH $250K WHAT CAN I INVEST IN (BESIDES REAL ESTATE, STOCKS, OR STARTING A BUSINESS)?
- HOW CAN I FIND SOMEONE TO INVEST IN MY BUSINESS?
- WHATS A GOOD BUSINESS TO INVEST 1 MILLION DOLLARS INTO WITH ALL THE CONDITIONS THE COUNTRY IS GOING THROUGH?
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{ 3 comments… read them below or add one }
He’s putting an investment into it to make a big chunk of change back out of it is all he’s referring to. Fixing up a house or apartments or any real estate property is considered an investment property because they are investing more into it to make more out of it. Hope this helps….Good luck on the job!
A rental property that is being coverted to Condos. The owner is keeping part of the condos so that he can have them for himself to sell at a later time. The other units are being sold or rented out now.
Does that make sense to you?
When apartments convert to condos it is typical for the current owner of property ( when dividing each unit into a the “undivided interest” in each fee simple condo unit) may chose to keep a portion of the units in their name and use them as Investment units as they remain in their own name individually. More than likely if you get the job you will managing those units that the owner is keeping. The other units are purchased by other people and are either owner occupied or purchased as investment rental units. Hope this helps! and good luck