Q: Gerald, my broker just gave me a tip on a fractured condo deal in Florida. Do you think these are safe real estate investments? Jack, Ashville, NC A: Interesting question, Jack. Let’s first define what we’re talking about for everyone out there. A fractured condo project is one in which only some of the individual condo units were sold by the initial real estate developer. The unsold units present both potential investment opportunity as well as potential risks. These fractured condo deals are appealing because an investor may be able buy them at a big discount from the price the developer initially sold the early units for. However, even if that’s the case, it doesn’t necessarily make it a […]
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