I get a lead from Trulia. The lady found somewhere on the vast Internet that there is a one bdr/ one bath condo in Ocean Walk for sale for $20K. She wants more information.
What information? It is like robbing a bank and then counting the money before leaving to make sure that you got enough... What if not, you will file a complaint?
If you find a unit there for this price, buy and run. We are talking about the premier condo-hotel in the heart of Daytona Beach, 680 sq. ft. direct oceanfront unit in Wyndham Ocean Walk Resort, and all you need is $20K at your disposal.
I know that there are no units for $20K in Ocean Walk, but I still check MLS, and yes, there are only 2 one bedroom units for sale and they are $149K and $169K. And these are very good, exceptionally good prices. Very close to pre-construction prices of 2001, when it was built.
But where do people get this information? So, I Googled it and there it was, on Trulia http://www.trulia.com/property/3031896130-300-N-Atlantic-Ave-Daytona-Beach-FL-32118
Yep, $20K for a 1/1 unit in Ocean Walk. Go further and see that the Listing agent (or whoever pretends to be the Listing agent) is a time share guy. Ah-ha, over 100 units out of 299 in the South Tower and over 200 in the North Tower are timeshare units… Not all of them are condo-hotel where owners are called whole owners.
Or yes, it is $20K … for a week.
P.S. For a unit for $20K in Ocean Walk I would rob the bank, flip the unit and split the profit with the bank. Would help me pay mortgage to the bank, and help the bank to pay off some of the TARP money ;-)
* Image of masked man courtesy of CarbonNYC via Flickr.com