Written By: Karen Deis (Contributed by Craig Flaherty, MBA)
Take note of this phenomenon- the most successful companies are those that create the most "hassle-free" products. How does this relate to the real estate industry? Developers are meeting the demands of first-time homebuyers and the senior housing market by creating "hassle-free" homeownership opportunities.
Have you noticed more condos with commercial amenities? Like dry cleaners, restaurants, a printing and shipping store? It's no accident. People are purchasing convenience. People are reducing the distance they have to travel. Want proof? Check out City Center, located in Las Vegas. Visit the website and it will make your jaw drop.
Today, condo hotels account for 10% of all condo purchases. If you haven't come across these types of loans, or if you want to specialize in this little-known niche, here is the book/guide for you.
Comprehensive Condo Hotel and Resort Condo Financing Resource for Mortgage and Real Estate Professionals, by Craig Flaherty, MBA. The regular price is $28.95. However, by using the link above, you get the special LoanOfficerMagazine.com discount, or $16.95.
Best of all, it includes monthly email updates of lenders who have been added and others who have left the condo business.
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