| "Can I still make money in real estate and if so, where and how? The answer is yes, and I will show you how to profit from one hottest sectors of the real estate market right now which is office condos."
Nusbaum says: "We are only in the 3rd inning of a nine inning game for office condos. The two major reasons for this are because smart money has come out of residential and has found its way into the office market, and because business owners no longer wish to rent but rather see that paying rent to one’s self and making a good investment is an easy way to participate in the real estate boom.”
Nusbaum goes on to offer practical tips for condo purchasers, and to report an annual appreciation in the Phoenix market of from 8% to 26% over 3 years. The financing projections he suggests are conservative. Two recent deals in Mechanicsburg, Pennsylvania, at the Mountain View Office Park closed with buyers obtaining 90% and 100% bank financing. Fulton Bank has printed an offer, specifically for the Mountain View Office Park, which offers a fixed fee of $1,000 (including appraisal, environmental, application, loan documents, etc.) for a 90% loan to value mortgage.
Why would an office user lease when it is so easy and affordable to buy, especially when an office user can occupy a condo space as quickly as a leased space?
For more information about Central Pennsylvania’s newest office condominium in Cumberland County, click on the link below:
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