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re: What are the ins/outs of buying a beach condo as an investment?
Posted on 7/27/14 at 10:59 am to TJG210
Posted on 7/27/14 at 10:59 am to TJG210
Why not invest in. REIT or company such as JOE and not in an individual property? This way you would not have a monthly note or liability, take that money and go on a awesome vacation to different places every year. Destin is great until you are forced to go there every year.
2
Posted on 7/27/14 at 11:12 am to StrangeBrew
My .02 -- you buy something like this to use as a vacation house. If it happens to cover itself in rental income or turn a profit great. But buy it assuming you will have to spend money on it each year. If you can't afford that, I wouldn't do it.
Posted on 7/27/14 at 5:40 pm to StrangeBrew
quote:
Destin is great until you are forced to go there every year.
THIS!!!! I don't see Louisianan's obsession with the place. Don't get me wrong, it isn't a bad place. It just isn't the end all be all kind of trip some make it out to be.
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