Hey, I just met you, and this is Lazy... get these fast finance fixes and mail me, maybe?

Condotels anyone?

2
Comments
Written by

I recently finished reading this article on a relatively unknown type of real estate that is starting to gain popularity. Basically it works like this... You buy the hotel room as if it's a condo. You can stay in that room whenever you want. Alternatively, you can release the room back to the hotel for a split of the proceeds when it's occupied. The rules seem to be different for each property, but that's the gist.

It seems tempting to be a landlord and an hotel owner without having to do any of the maintenance. I'm going to look in the to W hotel in Las Vegas. It seems to be a premium hotel in a premium location. Still I'm not sure how the numbers work out. I'm guessing they won't. Even if they did, I'm not sure how I'd raise the funds for such a property.

Last updated on June 12, 2007.

This post deals with: ... and focuses on:

Alternative Income

Don't forget to these five minute financial fixes to save thousands!

2 Responses to “Condotels anyone?”

  1. […] and bad ideas I’ve had when starting out. Two years ago, I was seriously considering buying a condo hotel in Las Vegas. Good thing I didn’t because a year later the W in Las Vegas was canceled. I rationalized my […]

  2. […] got some of the numbers related to the condotel purchase I was considering. Unfortunately, it's impossible to get all the numbers. If they were to make estimates on how much […]

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous: Buying a car for fuel efficiency
Next: Save Money or Grow Money… How about Both?
 
Also from Lazy Man and Money
Lazy Man and Health | MLM Myth | Health MLM Scam | MonaVie Scam | Protandim Scams | How To Fix | How To Car | How To Computer