Gary here's one for ya

I got 120 condos with Owner Financing ! look at the financing qualifications, now this is a real deal and the Price is Right plus I am giving a 1% cash rebate to boot...

http://www.orlando-buyers-agent.com/Apopka_FL__The_Milan_Condos/page_1682403.html

Vancecondo

Vance, that smells like a new Section 8 Housing opportunity. What's the taxes, insurance, and association fees going to cost the new slum lord?

Gregory

This was a condo conversion that was selling @ 150 up to 200+ back in 05/06 this property is a real nice property and rather new and at those prices makes it a steal !! 3 P,P,P's always overcomes everything..

I took all those photos you see there, the property got off to a great start until the grim Reaper came and the bank had to take it back as we all know this was the beginning of the end back then it has had a few new owners but these owners are ahead of the curve by doing owner financing since there is no money out there for mortgages as of yet.

So owner financing is the way to go, and we will see much more of this with big players including some national home builders my opinion, this is all that is left for now, its starting to look like a Dust Bowl on many unfinished projects even the much larger one the high rise are standing there with just the cranes  standing idle and I feel sorry for those who put down the cash now have to wait and see if it ever gets finish, eventually it will a few years out.

I just seen that the stock market is down 733 for the day.

I have to go hide under my desk !!!!:)

Another Vancepinion

Yes, the pictures look great. Back in 1990 there was several beautiful projects that turned into PROJECTS. The price isn't right, yet. But, the wolfs are waiting with baited breath. Secton 8!

Yeah, I see GE is still tumbling.

Gary

Zero Down!

A, 2 BED/2 BA  1,052 SQ FT – 1,110 SQ FT  $125,000 - $134,000        

Your total mortgage payment will be between $1,181 & $1,258 (includes Principal, Interest, Taxes and homeowner’s association)

Sorry Gary I forgot to answer your other question are they selling very well?

Yes like Hot Cakes and are closing quickly with the owner financing :)

If ya got deep pockets this is the way to go become your own bank,

"The Private Peoples Bank"

Fannie and Freddie took almost anyone, credit was not a problem because it was not there money, it was ours!! as you know.

Vance, what does a 2 Bedroom place rent for in that area?

Gregory

Here are the old rental rate ranges  with the rental market booming and Mickey Mouse and all other attractions you most likely can get more plus the units have all been updated during the Condo conversion phase interior and exterior improvements and location-->  http://tinyurl.com/44kfaw

Bed 1/1 $845 - $855 - $900

2 Bed 2/2 $950 - $965  $1029 - $1049

3 Bed 3/2 $1150 - $1165  $1249 - $1299

Vance The Realtor

Joe The Plumber ha ha

IMHO - if I could ever be humble, I would guess that until the price of ownership is less than or the same as the current rental market (including taxes, insurance, and association costs) the units will sit on the market - hoping the bottom has been hit and the prices are once again on the rise. Investors are a hard group to get your hand on their wallet. They want black ink on day one. No more increased value tricks will be accepted.