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re: Gulf Shores/Orange Beach condos - good or bad idea to buy?

Posted on 3/6/17 at 2:49 pm to
Posted by notiger1997
Metairie
Member since May 2009
58315 posts
Posted on 3/6/17 at 2:49 pm to
Seems like values down there are pretty high these days. I would be worried about timing the market wrong
Posted by Serraneaux
South of 30a
Member since Mar 2014
19845 posts
Posted on 3/6/17 at 3:05 pm to
Need at least 25%, most likely 33% down to break even or cash flow a little month to month. This can vary depending on HOA dues, insurance, property management rates, etc.
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