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oceanfront condohotels daytona: Price Is Great. Can The Owner Finance? - 03/23/12 07:38 PM
I received e-mail:
“Jon,
I am reading your blog and I am interested in these condo-hotel units in Daytona Beach area. Prices seem to be very attractive.
You say that the Lenders do not finance them. What about owner financing?”
Excellent question.
Big banks never financed Daytona Beach Condo-Hotels. With 13 relatively small condo-hotels in the area, this is such a tiny niche for the Lenders. Small lenders who specialized on condo-hotels were the first to go belly up when the housing crisis knocked on our doors.
Today there is practically no financing on condo-hotels, except those larger … (12 comments)

oceanfront condohotels daytona: Buying a Condo-Hotel in Daytona Beach Area. Interview With GM - 01/16/10 05:57 PM
Buying a Condo-Hotel in Daytona Beach Area. Interview With GM
This question comes so often that I should have written the explanation a long time ago, but better late than never.
"If I buy a unit here, can the Front Desk play games with renting the unit. Can they favor one owner over another?'
The answer is "Yes & No".
Why "yes"? Because you can't exclude something completely. Theoretically there is a way to screw everything, and fair rental are not the exception. However, if you ask me to weigh and give the value to "yes" and "no", "No" will have … (4 comments)

oceanfront condohotels daytona: Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos. Special Assessments - 08/23/09 12:23 AM
Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos. Special Assessments is the 5th post in this series. Previous posts are:
Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos. Living and RentingUnderstanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos. ManagementUnderstanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos. Safety of your Investment Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos 
The dreaded Special Assessments. A horror story of condo (and condo-hotel) living. So what is a Special Assessment? Basically, it is a very simple concept. If there is something that needs to be done, which cost money, and there is no money to … (4 comments)

oceanfront condohotels daytona: Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos. Management - 08/18/09 11:58 PM
Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos. Management is the third installment in the series about condo-hotels. Previous two were Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos and Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos. Safety of your Investment
Condo-Hotel management is confusing.
Condo management, even in the most expensive residential condominium projects, is relatively simple. They either hire a manager and maintenance people, or they hire a management company. Both scenarios proved to be working OK. Like everything else, it depends on the people in charge (The Board), and, unless their stars do not align, they do fine.
Condo-hotels … (3 comments)

oceanfront condohotels daytona: Oceanfront Unit in Plaza Resort & Spa in Daytona Beach For Just $86,900!!! - 12/05/08 01:04 AM
It is past midnight, and I am at my computer as usual.
Looking at what my subscribers on IDX are getting and what I see makes me jump. Oceanfront Unit in Plaza Resort & Spa in Daytona Beach For Just $86,900!!!
A unit in Plaza Resort & Spa, 3rd floor direct oceanfront (I am looking at the listing and all this information from the listing) and all that is for ...$86,900!!!!!!!!! Wow.
And it gets even crazier. The Bank, that owns the unit, according to the listing agent, would finance at 10% down and would pay 2% of Buyer's closing costs.
… (5 comments)

 
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Jon Zolsky, your Daytona Beach, Florida connection

Daytona Beach, FL

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Jon Zolsky, Daytona Beach, FL. FunCoast Realty, 386-405-4408

Address: 313 S Atlantic Ave., Suite A, Daytona Beach, FL, 32118

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