condo-hotel, is this a good investment vehicle?
I've received two proposals to invest in condo-hotels. One in Panama City, the annual rental return on this one is zero but I get 4 weeks of free annual vacation and no property taxes for the next 20 years. The other one is in Quebec City, the annual return on this one is about 5% and about one month of free stay per year.
For someone like me that don't like to travel, these condo-hotels don't seem to be a good investment, or an I missing something!
|