The Investor Next Door – NYTimes.com

FOR as long as there have been condominiums, there have been investors hoping to make an easy profit off an apartment here or there.

That was certainly the case when the market was booming and buyers — experienced and otherwise — snatched up apartments and quickly flipped them for big returns. They were often invisible owners.

A different breed of investor has emerged in the last year. This one already lives in the building and has decided to buy a second and sometimes third apartment to become an owner/resident/landlord. …

via The Investor Next Door – NYTimes.com.

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