Quote:
Originally Posted by WiredGuy
5% ROI is shit, you can get that rate from GIC's and its guaranteed. I did research condo hotels for quite some bit and for the most part, it seems to be a good idea in high vacation spots like Vegas, or Miami Beach, etc. Either way, unless you can do 7% or more, I wouldn't do it.
WG
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No it's not 5% ROI but 5% annual ROE (return on equity). The ROI is expected to be much higher, they're assuming the value of the property will more than double in 5 years...