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What Is The Rental Income for Condo-Hotel?
I was looking at the various units that you have listed under 100k. I would like to know the rental incomes expected on the various units and may want to buy some based on that information
I often receive similar requests. Can I provide such information? Actually, no. However, there is more to it, so here is my answer:
First and foremost. Condo-hotels are not income producing properties, and should not be purchased for rental income. It is simply the wrong type of properties.
Second. I am a real estate broker and I am helping buy or sell real estate. Condo-hotels are condos, where there is one-day rental and where there is a Front Desk running rental program for the owners.
If the purchase is based on the rental income, and this income is derived from the activities of a third party (rental company), this can be consturued as sale of securities.
I am not licensed to sell securities and I can lose my real estate license if I do it.
Is it a top secret, and can the Buyer get this information? Yes, it is part of due diligence (inspection period), and this information could be provided by the seller ... more

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