condominiums
Limbaugh sells NYC condo for $11.5 million
12:00PM 7/13/2010
Being a man good to his word, conservative radio talk show host Rush Limbaugh is leaving New York with its relatively high taxes on rich people. Limbaugh's 10-room, 20th floor penthouse at 86th Street and Fifth Avenue reportedly sold for $11.5 million. It was originally priced at $13.95 million in...
It's every real estate investor's worst nightmare: you buy a condo as a rental property, get a tenant, and everything's going great. You're getting positive cash flow, paying down the mortgage, and getting a bit of appreciation and tax savings to boot. And then the association decides that you're...
For first-time buyers and investors, condominiums are often a way to get into a hot housing market, offering the potential for appreciation and/or rental income, without having to worry overly about a lot of maintenance costs, zoning and other issues. See the full report in Acrobat.But the condo...
Book review: Make money with condominiums and townhouses
12:00PM 4/19/2009
It might seem hard to get excited about a book called Make Money with Condominiums and Townhouses, given that it was published in 2003. Since then, the financial media has given tremendous attention to all the high-rises in markets like Miami and Las Vegas that left investors and home owners with...
South Florida real estate broker Ricardo Wolf of Wolf International Realty, Inc. recently argued that a portion of the funds from the stimulus package should be used to "stabilize" struggling condominium associations in hard hit locales, where soaring foreclosure numbers are giving associations a...
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