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

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Meh...not knowing his numbers, it's not enough to call him wrong...but he probably is.

Condo in Orange beach brought in an extra $8k last year over the loan payments and shared leasing co fees. Of course I don't take it, I put it back into the loan and keep some cash on hand for furniture/maintenance issues. It's a brand new tower and will keep being an attractive destination for quite a few years to come.

Yes, you have to be able to identify inflated pricing. But, if you get a solid deal, drop $25k down payment and let leasing customers pay your retirement for 15 yrs, I cant see how it's a bad investment.

And the often overlooked factor, for a family like mine that goes to the area anyway a few times/year, I save thousands in $$ I would have spent somewhere else on housing....it is a # to be factored in for me!
But not far all

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Are you my uncle?

He just did the same thing. Bought a condo at Orange beach in a tower, rents it out, and uses it every few months.

He is an experienced homebuilder/seller so I'm sure he ran the numbers before diving in and it seemed to be a worthwhile investment.