Condo Conversion

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Condo Conversion (by Cynthia [VA]) Aug 1, 2009 5:20 PM

Condo Conversion (by John [OR]) Aug 1, 2009 6:14 PM

Condo Conversion (by GLR [MA]) Aug 2, 2009 7:09 AM

Condo Conversion (by Cynthia [VA]) Posted on: Aug 1, 2009 5:20 PM
Message:

State Specific Question About: VIRGINIA (VA)

Has anyone had any experience in Virginia with condo conversion?

Thanks in advance!

--208.82.xx.xxx

Condo Conversion (by John [OR]) Posted on: Aug 1, 2009 6:14 PM
Message:

Don't know Virginia stuff. But I would tell you there is almost no money available for condo conversions today. Condos are nearly a toxic asset for most banks. Wait until the market recovers- might be 5 or more years out. I have a busted condo- sold 5 of 16 units. Having to rent the remaining units and plan to hold on. Haven't made a profit in 4 years. --24.21.xxx.xxx

Condo Conversion (by GLR [MA]) Posted on: Aug 2, 2009 7:09 AM
Message:

While I understand that the condo market might be dead now, I'd still like to see some info on condo conversion, especially in MA for me.

--76.118.xxx.xxx

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Condo Conversion

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