A couple of days ago, I talked with the third person I have met that has been burned by a Cabana Cay investment. About two years, the Cabana Cay investment pitch was making the rounds on the real estate investment clubs/seminar circuit. Cabana Cay was in the building of building or refurbishing resort properties, mostly [...]
Archive for the ‘florida’ Category
Cabana Cay fiasco
Posted in florida, real estate markets, tagged cabana cay, preconstruction on October 19, 2008 | Leave a Comment »
Eviction process in Florida – the 3 day notice
Posted in florida, real estate markets, tagged 3 day notice, eviction, landlord, real estate markets on September 2, 2008 | 1 Comment »
I been struggling to think of some witty post for this blog. To post some upbeat story that gives a glimmer of hope for this awful market which threatens to stretch on for years and bankrupt a lot of people. Then it hit me, I’ve got tons of material to write about. Just none of [...]
Make us an offer
Posted in florida, real estate markets on October 20, 2007 | Leave a Comment »
We have a condo under contract that we don’t want to keep. Why? I’ve decided that I’m not moving to Florida. I just have too much going on here. The good news is that there is equity in this condo and it is in a very sweet project. This one will do well over the long [...]
Orlando condo market
Posted in florida, real estate markets on September 16, 2007 | Leave a Comment »
I recently talked to a Floridian realtor about the Orlando condo market. Her view was that the market was flooded with condo conversions, making a slow market even worse. A condo conversion is an apartment building that has been “condo-ized”, converted to condos. During the boom, this was a popular tactic and a lot of [...]
The Last Cold Summer?
Posted in florida, real estate markets on July 28, 2007 | Leave a Comment »
While the rest of the country swelters, I’m wearing long pants, socks and two thermal tops. Welcome to summer in San Francisco. I live close to Lone Mountain near Geary Blvd. Most days, especially in the afternoon, the wind from the ocean races up the broad expanse of Geary avenue, when it hits the hill [...]
Bad day
Posted in florida, real estate markets on July 10, 2007 | Leave a Comment »
Today was a bad day. It seems like my investments are not doing well at all. I was hoping to sell a pre-construction deal (now completed) for break even and I find out that nothing is selling in the area and there is a glut of brand new empty houses. It was a progression of [...]
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