- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Gulf Shores/Orange Beach condos - good or bad idea to buy?
Posted on 3/6/17 at 2:11 pm to Captain Want
Posted on 3/6/17 at 2:11 pm to Captain Want
Condos are in general not great investments.
That doesn't necessarily mean it is a bad idea to buy. If you're going to the beach 10 times a year with the family and you're going to rent it out the rest of the year, go ahead and buy a beach condo. If you never go to the beach but just think it'd be a cool thing to buy and try to make money on rent, do not buy a beach condo. There are hundreds of better ways to make money than buying a beach condo. The way you can "make money" on a beach condo will be rent saved on not renting out other condos if you go to the beach a lot.
That doesn't necessarily mean it is a bad idea to buy. If you're going to the beach 10 times a year with the family and you're going to rent it out the rest of the year, go ahead and buy a beach condo. If you never go to the beach but just think it'd be a cool thing to buy and try to make money on rent, do not buy a beach condo. There are hundreds of better ways to make money than buying a beach condo. The way you can "make money" on a beach condo will be rent saved on not renting out other condos if you go to the beach a lot.
1
Posted on 3/6/17 at 2:47 pm to yellowhammer2098
quote:
The way you can "make money" on a beach condo will be rent saved on not renting out other condos if you go to the beach a lot.
I know a number of people who say the same thing, basically.
They use the condo a number of weekends a year and a couple of weeks a year, and rent out the rest. The rent they get basically covers all of their expenses including the note, so basically they get "free" beach accommodations.
There is also the opportunity, like any other real estate, for building equity and price appreciation.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News