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Thoughts on beach property
Posted on 6/2/14 at 2:42 pm
Posted on 6/2/14 at 2:42 pm
what is the money talks thoughts on purchasing a small cheap house in say panama city? Seems like you can purchase something reasonably nice for less than 150k...
3
Posted on 6/2/14 at 2:49 pm to bobaftt1212
Is it on the beach? Walking distance? Any current rental income.
If yes to any of those then not bad, depends on the house.
To buy just so you can squat there when in the area? Not prudent in my opinion. Gotta pay insurance, property taxes, mortgage, maintenance.
But if there is an influx of jobs coming soon value may go up and you get a decent return.
If yes to any of those then not bad, depends on the house.
To buy just so you can squat there when in the area? Not prudent in my opinion. Gotta pay insurance, property taxes, mortgage, maintenance.
But if there is an influx of jobs coming soon value may go up and you get a decent return.
This post was edited on 6/2/14 at 2:52 pm
Posted on 6/2/14 at 2:52 pm to bobaftt1212
quote:
panama city
Gross
Posted on 6/2/14 at 3:09 pm to bobaftt1212
quote:
reasonably nice for less than 150k
Guess that depends on your definition of beach property.
Can you find an old one bedroom Condo for 150k? Yes.
Actual beach front property? You might want to add 4 more zeros.
This post was edited on 6/2/14 at 3:14 pm
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