Seems like a dream, but many of today’s retirees who have embraced technology and new forms of second home ownership are living the dream.
By combining condo hotel and technology, many people are finding they can spend more time in the places they love, with less expense and more luxury.
Condo hotels are hotels that have been converted or built for individual ownership of the hotel rooms and suites as traditional condominium. A condo hotel unit offers the owner hassle free rental income when the owner is not in residence and personal luxury of maid service, valet, etc when in residence.
As technology evolves many of us are finding that the office is anywhere with WiFi and blackberry cellular service. So why not office in luxurious surroundings? On a beach or in a luxury hotel?
Will retirement be simply a free-range office space that is looks like a series of condo hotel suites? Many demographers beleive the baby boomer generation will redefine retirement as a second career of one’s choosing and not an endless round of golf or a rocker on a lonely front porch. That retirement will look like a wall-less and wireless career of new ideas and invention.
if these predictions are correct, the future is indeed bright for the condo hotel industry.
Bob Waun , Founder & CEO
bwaun@vacation-finance.com
Bob is CEO of Vacation Finance, America’s First Second-Home Lender. As a VP at Paramount Bank, and while at Wells Fargo, Bob innovated lending for Condo Hotel projects. He holds a Master’s degree in finance/economics and BBA in finance from Walsh College and a MI Real Estate Broker’s License. He has personally lent over $750+ million in residential loans, and over seen operations lending $1+billion. He has been a professional guest speaker and taught numerous courses/seminars on real estate finance.
He managed controlled business relationships for a national real estate brokerage in MI and OH, held top sales honors for Wells Fargo in 7 states. Bob has a 17 year track record of cutting-edge innovation in the mortgage finance.
Since 2002, Bob has worked with condo hotel developers and lenders to improve the market for condo hotel financing.
Tags: 2nd home loans, boomer, condo, condo hotel, fractional, Mortgage, real estate, realtor, retire, second home2nd home loans, boomer, condo, condo hotel, fractional, Mortgage, real estate, realtor, retire, second homeRecent Posts
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