Condo Conversions are another good way to make money in the Florida real estate market. The concept is to buy condos or townhouses that have or are in the process of being converted from the rental market to the condo market. Some of these condo conversions have tenants already renting the unit, where others will not close until the tenant has moved out. This type of investment normally requires 5%, 10%, 15%, or 20% of your purchase price of your unit as a down payment. In this Condo Conversion method the investor should keep the unit for at least 6 months to a year to maximize their initial investment. Tierra Verde in Delray Beach Fl. Purchased for $167,000.00 in October 2004, currently priced $219,000.00 (May 2005) www.tierraverdedelray.com

Currently selling: www.theestatesatstuart.com prices from the $185,000.00 - $450,000.00 range. www.fiorecondos.com prices form the $160,000.00 - $350,000.00 range.

We here at Florida Investment Property know of three new Condo Conversions in the Palm Beach County that will be released in the next 2-6 months.

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