‘Dirtiest hotel’ in US for sale

‘Dirtiest hotel’ in US for sale – People often make mistakes putting cash into a dump in the hope they can turn around but they often become nothing but Money Pits! Now the hotel dubbed the dirtiest hotel in the US is up for grabs and oddly there is big money bids rolling in and the sale looks to settle on a huge amount! But why?

Hotel Carter was three time winner of Trip Advisor’s dirtiest hotel in America until they scrapped the ratings in 2012. However a lot of comments still talk about the hotel’s problems and it’s far from fixed up!

First opened in the 30s as the Dixie Hotel the spot has something going for it, it’s located at West 43rd Street just off of Time’s Square!

So with the bids in it looks like the hotel may settle for $180 million but a complete gut and refit looking to cost at least $100 million will also be needed! An adult entertainment club on the ground level looks set to stay and brings in $1million rent a year.

It’s amazing what a location can give a property.

Knowing the ‘Dirtiest hotel’ in US is for sale, would you put in such a bid! Read more here.

Best up-and-coming cities to buy a home 2014

Best up-and-coming cities to buy a home 2014 – Competition in the real estate market the last few years has been insane and a little out of control. The average joe looking for a deal has not really had much of a chance but maybe things are going to change in 2014.

Prices are generally rising a little and the big time investors seem to be backing off which of course is bringing competition down a little and still leaving some awesome deals on the table. So maybe this is the time!

The USA has a lot of places that may be worth investing in either for a family home or a growing investment portfolio and Forbes has put together a list of places it thinks may be good places to buy. Below are their top 5.

1 . Fort Worth-Arlington, Tex.
Pop.: 2,121,231
Actual Home Price: $168,383
Equilibrium Home Price: $210,296
Difference: -20%
3-year Growth Forecast: 25%
**3-year Growth Forecast is Local Market Monitor’s prediction for cumulative rise in home prices over the next three years

2. Dallas, Tex.
Pop.: 4,326,384
Actual Home Price: $180,645
Equilibrium Home Price: $204,453
Difference: -12%
3-year Growth Forecast: 29%

3. Charlotte-Gastonia-Concord, N.C.-S.C.
Pop.: 1,745,524
Actual Home Price: $201,855
Equilibrium Home Price: $237,985
Difference: -15%
3-year growth forecast: 24%

4. Nashville-Davidson–Murfreesboro–Franklin, Tenn.
Pop.: 1,582,264
Actual Home Price: $199,506
Equilibrium Home Price: $238,411
Difference: -16%
3-year Growth Forecast: 23%

5. Houston-Sugar Land-Baytown, Tex.
Pop.: 5,867,489
Actual Home Price: $191,279
Equilibrium Home Price: $218,610
Difference: -13%
3-year Growth Forecast: 24%

So Texas anyone? It’s hot and full of very religious right wingers but hey why not!!!! See the full slideshow here.