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Mike - November 27th, 2004 6:21 PM

Hello, I have a home that I lease/optioned to a couple 1 year ago. I received an option down payment from the couple (which reduced the purchase price) and we agreed upon a purchase price. Well, they are ready to get financed and buy the home. How should they/I proceed to get the house sold? Do they get financed for the purchase price and I come to the table with their option down payment?

george hightower - January 26th, 2005 12:28 PM

condo rented in manner like hotel. lobby- phone system -maid service-one location

Fred - January 27th, 2005 4:15 AM

Condotel's are a cross between a condo and a timeshare. Things to consider are what are the length of stay as owner conditions, what will the nightly stays run for visitors, how are the units selected for rentals (lottery or rotation or combo), what are the common area / ammentity dues, whats included free and how much are the extras for owners and what are the sellback guidelines. Another thing to keep in mind is if you need financing to purchase a condo, very few lenders are available to you. Overall though, good condotel's can be a lot of fun and sometimes a great investment. Good Luck!
www.fredtomaro.com

Mike Levine - April 1st, 2005 9:59 PM

I am a direct nationwide lender for Condotels.
If you need financing or have any questions regarding condtels, contact me directly.

Regards,

Mike Levine
Homelink Funding
866-944-LEND (5363)
[email protected]

Lee - October 23rd, 2005 3:39 AM

Hi Dennis. I am also a direct lender in Hawaii. There are lot of condotels in Hawaii, and they make great little investments. If you have any questions, I can answer them for you, and I have financing options for you as well. Right now, though, a better investment is land on the Big Island. If you need help financing an investment like that, I have the contacts and the financing choices to help make that happen! You can call me anytime on my 24-hour direct line, 808-245-1758. If you get my voice mail, just dial 0 to be connected to my home or cell. Mahalo Nui, and aloha!

robert - May 4th, 2007 6:53 PM

I need to know about condotels,call me at 917-860-6714

clarence - May 13th, 2007 2:33 PM

Condotels are typically one room hotels. The units need to be at lest 600 sq ft, have a kitchen, and at 15% commercial space in the building.

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