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re: Anybody have rental property at Gulf Shores / Orange Beach?
Posted on 8/9/15 at 11:30 am to Ramblin Wreck
Posted on 8/9/15 at 11:30 am to Ramblin Wreck
I have yet to see a condo that makes money with rental income.
I have seen some people get lucky and sell at a peak to make some money or break even.
If you like the beach, save the 3,500 a 5,000 you would bleed on owning a condo and have a really nice week at a nice house at Ono or a nice condo.
I have seen some people get lucky and sell at a peak to make some money or break even.
If you like the beach, save the 3,500 a 5,000 you would bleed on owning a condo and have a really nice week at a nice house at Ono or a nice condo.
1
Posted on 8/9/15 at 11:39 am to nelatf
quote:This has been my experience as well. I have several clients who have lost money investing in Gulf Coast condos. It is cheaper and more convenient to just rent one when you want to go to the beach than trying to work around when you can get renters into a condo you own.
I have yet to see a condo that makes money with rental income. I have seen some people get lucky and sell at a peak to make some money or break even. If you like the beach, save the 3,500 a 5,000 you would bleed on owning a condo and have a really nice week at a nice house at Ono or a nice condo.
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