Question: I signed up to purchase three investor condominiums two years ago when construction just began. The prices are locked in at $300,000 each and my plan was to put ten percent down on each unit. I was told by my real estate agent that financing wouldn"t be a problem and that the value of the condo units would rise.
[Note: To follow is an excerpt of an interview with William Carter, CR, CKBR, first vice president for the National Association of the Remodeling Industry and owner of the Carter Carter Company in Sacramento, California. To listen to, or download the show archive MP3, go to www.IncomePropertyInvestmentTalk.com.]