re: Gulf Shores/Orange Beach condos - good or bad idea to buy?

quote:

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Need at least 25%, most likely 33% down to break even or cash flow a little month to month

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Not all that much of a stretch considering the minimum down on this type of property is 15% and could be higher considering it's for a condo purchase.

*Unless someone buys a unit with owner financing and then the minimum down payment requirement is up to the owner/lender.