Mortgage Rates Investment Property *Select a product to view assumptions and important disclosure information. Above rates, APRs and terms apply to 1-4 family, investment contract sales and refinances in amounts up to $3,000,000 on properties throughout New Jersey, Brooklyn, Queens, Manhattan, Staten Island, Bronx, Rockland or Westchester County, New York and Bucks County PA.

Secrets to Buying a Profitable Condo Rental. Anyone can buy a Destin or 30A condo as an investment rental, but not everyone can find a profitable condo rental.The kind that practically rent themselves, and consistently produce a strong gross income.

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The primary benefit of purchasing a condo as an investment property is the price point. In many parts of the country, the price point of a single family residence is in excess of $450k requiring a minimum down-payment of 15% to purchase an investment property or minimum down-payment of $67,500.

Monthly condo fees make it virtually impossible for an investor to put down the minimum amount required to purchase an investment property and still end up sufficiently cash flow positive. In order to "make the condo work" as a cash flow positive investment, a higher down payment is required which means less money is available for future or.

Gluck’s company is now partnering with Chetrit Group, Clipper Equity and Read Property Group to open a residents-only studio.

The project meets the Requirements Applicable to All Properties in a Condo, Co-op, or PUD Project described in B4-2.1-01, General Information on Project Standards. The project is not an ineligible project. (See B4-2.1-03, Ineligible Projects). The project does not consist of manufactured homes.