Condo switchers flee Florida Miami’s condo market has nothing in common with its weather forecast these days; it’s freezing cold with a chance of bad investment. That might explain why more Florida condo converters are showing up in the Triangle. Meet Haim Einhorn. He has spent decades converting rentable apartments to for-sale residences in South …
Category Archives: Real Estate
Flipped in Florida — Selling in a Housing Bust
Flipped in Florida — Selling in a Housing Bust There’s something about Florida residential real estate that attracts speculators like an alligator to an easy meal. Abundant sunshine has been known to distort investors’ perception of the laws of economics from the 1890s to the present. With tens of thousands of properties languishing on the …
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Creditors left in the lurch
Creditors left in the lurch In the midst of an overheated market — where banks were hungry to make lucrative loan deals and many investors thought there was no direction except up for real estate values — a pair of developers went to work on Manatee County’s barrier islands. Steve Noriega, 56, and Robert Byrne, …
Primed to fail
Primed to fail After landing in bankruptcy court in 2004, Cynthia King was deluged with letters from companies offering to help straighten out her finances so she wouldn’t lose her cozy St. Petersburg home. King went with a $143,250 loan from Resmae Mortgage of California. It paid off her original mortgage and gave her some …
Staying ahead of home market means going overseas
Staying ahead of home market means going overseas David Omler is helping to incite a British invasion of a profitable kind. The owner of Paradise Properties in Satellite Beach, Omler is targeting foreign buyers — particularly sunshine-hungry, palm-starved Brits — for his portfolio of high-end Brevard County properties. “The market is changing fast, and you …
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Condo offers couple home plus investment
Condo offers couple home plus investment For Bryan and Brooke Allen, downtown Knoxville isn’t just a place to call home – it’s also a business opportunity. The Allens live part time in a 1,500-square-foot condo in the Fire Street Lofts at 214 Jackson Ave. Along with their 1-year-old daughter, the couple splits time between the …