Real Estate Investors Buy Apartment Complexes, Convert and Sell as Condos
Written by Mr. Real Estate
Published November 06, 2003
Published November 06, 2003
Many real estate investors, when the popularity of renting decreased, began buying apartment complexes and converting rental units into condos to sell. The trend continues, even as interest rates increase. So far, the total investors have spent to purchase apartment complexes to convert into condos is $1.1 billion and the purchases total 25 percent of apartment complex sales in areas that include Florida's Tampa Bay area and various portions of South Florida.
Click here to find out more.
Considering that the popularity of buying continues to grow, these investors are very savvy when it comes to spending money to make quite a bit more.
Keep reading for information and comments on this article, and add some feedback of your own!
- Real Estate Investors Buy Apartment Complexes, Convert and Sell as Condos
- Published: November 06, 2003
- Type:
- Section: Culture
- Writer: Mr. Real Estate
- Mr. Real Estate's BC Writer page
- Mr. Real Estate's personal site
- Spread the Word
- Like this article?
- Email this
Save to del.icio.us
Comments on this articleComments
Add your comment, speak your mind
(Or ping: http://blogcritics.org/mt/tb/9873)Personal attacks are not allowed. Please read our comment policy.
