How to get your first condo for $300K from the real estate crowdfunding site miamiRealty.com
The real estate world is in for a major shakeup in 2018, with new crowdfunding platforms like Real Estate 101 and Real Estate Crowdfunding.
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The first-time buyer is the new frontier in the global condo market.
But what’s different is that it’s not a real estate transaction.
Instead, you’ll be able to use it to get a condo for less than the market rate.
This new, cheaper option is called a Condo Basket and it can be bought for $30,000 in one sitting and is currently available for purchase on the realestate crowdfunding site.
In some cases, you might not even need to pay a deposit or pay a down payment.
The downside of this new type of financing is that if the condo doesn’t sell quickly, it can cost more.
It can be worth the risk, but the risk is also worth the reward.
What’s more, the new CondoBasket is currently only available for condos sold on the site.
So it’s important to understand the pros and cons of this option before you invest your time and money in buying a condo.
We spoke with Rob Stadler, a Vancouver real estate broker who specializes in condo buying and selling, to find out what’s the best and worst thing about Condo-Basket financing.