|
There is only one downside of buying condos in a hot market, which is the potential for a crash, especially when you are talking higher end properties. Not everyone is walking around with enough credit to buy a $700,000 condo.
Please consult the disaster that the Miami condo market is turning into for more infomation.
Good luck with it, if you intend to hold it for a while you will make good money, but if you are looking to flip it quick, be real careful.
|