Thoughts on beach property

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panama city

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Gross

I own on the ocean a bit north of Ft. Lauderdale. The values at one time, when I should have sold, were significant. It's leveled out.

A lot to consider. Assoc dues are usually pretty significant as concrete work is expensive. Check of CBS construction that's been updated, and make sure the deck's re-rod, or whatever it's called is the treated kind to withstand salt in the air.

With respect to any property being a good investment, it's really cash on cash, cap rate, and all the other measures that residential realtors and lenders know nothing about.

You might also want to check if there is a county tax. I pay 18% to Broward Cnty for what they call tourist tax on the rents.

.....that is insane. I would charge 1.00 for rent then a 399.00 a night convenience fee.

They have no state income tax for their residents. It is insane, but I tend to give unto Caesar what is Caesars. You see, I did build that, Atlas Shrugged and a lot of other nice little sayings which basically means government can do as it wishes, I continue to plow forward and not let them impact my end goals.