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re: What are the ins/outs of buying a beach condo as an investment?

Posted on 7/27/14 at 10:29 am to
Posted by GFunk
Denham Springs
Member since Feb 2011
14967 posts
Posted on 7/27/14 at 10:29 am to
My plan is to buy a tower unit in a desirable location and go in with multiple buyers. All of whom would split the rent and agree to reinvest funds above monthly obligations.

But who in the wide world of sports would float an investment like that if they couldn't afford the monthly note even without rental income?
Posted by I Love Bama
Alabama
Member since Nov 2007
37755 posts
Posted on 7/27/14 at 10:31 am to
quote:

But who in the wide world of sports would float an investment like that if they couldn't afford the monthly note even without rental income?


Like 30% of all the owners pre 2008.
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