What about now in the spring of 2010? How is the condotel market in Orlando?
I have to admit that I've done a complete 180 on condotels. If you had asked me a year ago I'd have said buying a unit in a condotel is not investing in real estate. Even six months ago I was not very positive. But frankly prices have fallen so incredibly low that there are some deals out there that are just too good for a buyer to pass up. I mean $10,000 to $15,000 for a hotel room next to Disney! What's not to like? If you have limited resources but would like to try dipping your toe in the real estate market, then check out condotel bargains near Disney.
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