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Russian billionaires have been making headlines for snapping up some of the most opulent homes in the United States. Yuri Milner ‘overpaid’ by 100% on a $100 million Silicon Valley mansion in 2011. Dmitry Rybolovlev’s daughter bought an $88 million penthouse in New York City (after spending $100 million on Donald Trump’s Palm Beach palace in 2008). This week, an anonymous Russian buyer plunked down $47 million in Miami’s most expensive sale ever.
Russian billionaires have been making headlines for snapping up some of the most opulent homes in the United States. Yuri Milner ‘overpaid’ by 100% on a $100 million Silicon Valley mansion in 2011. Dmitry Rybolovlev’s daughter bought an $88 million penthouse in New York City (after spending $100 million on Donald Trump’s Palm Beach palace in 2008). This week, an anonymous Russian buyer plunked down $47 million in Miami’s most expensive sale ever.
Hello Everybody! I have been looking for a condo to buy all 2012! every single offer I've made has been declined because of cash buyers (Foreigns) I have finally found a property but now my bank won't lend me the money unless I put 25% down... which is not my problem... the thing is that 19 out of 70 properties are delinquent more than 30 days, with 220K as total debt and only U$ 300 on the association reserve.....
I really like this place, and want to buy it, but I'm afraid that this not a good idea.... Althought 3 apartments were in MLS this month and the three are closing by now... so I'm sure the 19 properties will sell fast once they are put back on the market... Should I think like this and hope the building will do good and I wont be incurring in assestments and loose the value of the home? Or am I being optimistic? I mean... everything is selling so fast in Miami, there aren't many properties on the market I don't want to loose this opportunity.. but definately need experts opinions..... It is my first time buying and don't want to make a bad investment with all my savings... Thanks everybody for your help!!! XG
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help!!!
