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investing in daytona: It Is Easy... Until You Actually Do It - 03/04/12 10:45 PM
Amateur investor has some cash, and buys a condo. It was just a shell. Stayed empty for years after the owner died. He tells me that he would fix it up and then give it to us to sell it. Does he need any help with fixing it? No, he has the best people in the world.
A few months passed, and the investor calls me. He is ready. We meet at the condo. Walk around, look at this 2/2 condo.
- How do you like it?
Well, I don’t. The investor is surprised. He does not understand. He spent $10K, … (6 comments)
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investing in daytona: Collapsing Rainbow... Heavy Damage - 12/26/10 11:34 PM
I love people who call themselves investors. They walk in, they ask all questions about buying in Daytona Beach Area, and then they say that they are not sure in the economy. They have read this, and listened to that, and thought about something similar happening in Rome of Caesar era...
I guess they want to buy the economy...
You can show them that on e can’t build for what you can buy it now. They look at it with blinking eyes, and then they would say that they are afraid of a bubble. They sort of understand that if you … (4 comments)
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investing in daytona: Don’t Agents Need Commissions? - 12/11/10 02:41 PM
Next to our office to the south is a vacant lot. However, it was not always a vacant lot, and until 2005 there was an 87-room condo-hotel right in the heart of Daytona beachside.
One could write a book on scams, ploys, mismanagement, and everything else imaginable in this condo-hotel, but it is not me. Until 2005 I knew it was possible to run the property to the ground, but I did not expect getting it off the ground…
I remember it at its glory, when it was converted from a rundown hotel to a rundown condo-hotel. It was 1999…The … (28 comments)
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investing in daytona: Buying a Shack, Selling a Castle - 06/15/10 12:26 AM
In a comment to my post How Footwear Affects Vision Erica Ramus wrote: “Isn't it funny when you sell a property to a buyer, he thinks it's not worth the asking price and he denigrates it. Then when he goes to sell it, it's worth gold. Same property.” This simple statement is so true.
This is something that I constantly run into. A couple from Midwest, who found us on the Internet, wanted the best. We took them to several new developments in Daytona Area. Remember that era of pre-construction?
They liked Ocean Villas. A high-end oceanfrnt building, terrific amenities, beautiful… They picked the least expensive unit of … (8 comments)
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investing in daytona: UNDERSTANDING INVESTMENT IN RESIDENTIAL REAL ESTATE - 05/10/10 04:40 PM
I did not plan it as a sequel, it just happened that after posting Definition of a Buyer's Market I felt that I did not say something important.
First let me say that I am not looking here at professional investors, who use numbers, and numbers, and numbers. No emotions. They do not buy only because of the view, or the hardwood floors, or something that they personally love. They buy when they figured that $xxx would provide for $xxx in profit in xx of months, provided that they would have to spend $xx for maintenance, repairs, carrying costs, and costs … (8 comments)
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investing in daytona: Timing is the Key When Looking for Good Deals - 04/07/10 03:48 PM
Even though this is about Daytona area, and only Beachside, I think it is true to many other areas. Buyers find us on the Internet, and then they check the properties and the major parameter is the price. The less, the better...
Any time when Buyers are thinking of living in the unit year round or simply not rent out, I suggest considering residential condos as first choice. It is a principle of using a car to drive and a plane to fly. The fact that your car has enough horsepower for a small plane is not a good reason to … (6 comments)
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investing in daytona: Plaza Resort & Spa in Daytona Beach...Why Is It So Expensive? Wrong Question... - 03/01/09 12:54 AM
I was showing units in Plaza Resort to a couple from New York. They are for a good investment, and it should be a nice place as the husband wants to use it to wow his suppliers and also use it to send employees as a reward.
I have already showed the units to him, and now he came with his lovely wife, so that the real boss could say "yes" or "no".
Prices in the Plaza Resort & Spa, one of the most luxurious condo-hotels range from $55K to $459K, where $459K is a dream price from 2005-2006 and $55K is … (8 comments)
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Jon Zolsky, your Daytona Beach, Florida connection
Daytona Beach,
FL
More about me…
Jon Zolsky, Daytona Beach, FL. FunCoast Realty, 386-405-4408
Address: 313 S Atlantic Ave., Suite A, Daytona Beach, FL, 32118
Office Phone: (386) 255-5355
Cell Phone: (386) 405-4408
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