Orlando Condo-Hotel: A New Type of Housing

With Orlando being the number one tourist destination in the world its no wonder Orlando is seeing the emergence of condo-hotels being constructed. Orlando is projected to have 38,000 hotel-condo units and 5,600 are on the drawing board. These condo units are sold like a normal condo purchase, but act as a hotel. The time you are not a resident it can be rented like a hotel room. This income may offset your expenses. If a potential buyer is doing financing most lenders require 20-30% down payment.