Mike Schraub…, Other/Just Looking in 48875

What are the pros and cons of Ibis Club condos?

Asked by Mike Schrauben, 48875 Sat Feb 14, 2009

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3
Concerned Ci…, , Palatine, IL
Mon Mar 9, 2009
Here is an article about Ibis Club Condos/Apartments. Please read will help make up your mind.

http://www.naplesnews.com/news/2009/feb/21/get-out-unsuspect…

Owned by Igor Gabal, TJ Wojtas...out of Palatine Illinois...selling to investors will eventually dump the units after getting cash back from seller.
0 votes
Brian and Di…, Agent, Naples, FL
Sat Feb 14, 2009
Hi Mike
The pros are that you may be able to get a real bargain, The cons are that you may have to pay cash. Ibis club currently has a number of upside down owners who are operating out of a lease back. The developer has 62 plus units left unsold. They just changed management companies. Could be very inexpensive second home or primary residence if purchased for right price. If you have any further questions please feel free to contact me at bcaron@kw.com
Web Reference:  http://www.caronhometeam.com
0 votes
Brian and Di…, Agent, Naples, FL
Sat Feb 14, 2009
Hi Mike
The pros are that you may be able to get a real bargain, The cons are that you may have to pay cash. Ibis club currently has a number of upside down owners who are operating out of a lease back. The developer has 62 plus units left unsold. They just changed management companies. Could be very inexpensive second home or primary residence if purchased for right price. If you have any further questions please feel free to contact me at bcaron@kw.com
Web Reference:  http://www.caronhometeam.com
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