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Grand Isle rent game.
Posted on 7/7/19 at 11:11 am
Posted on 7/7/19 at 11:11 am
I am curious if any of you guys have rental property in Grand Isle?
I "believe" that the cost of vacation rental in GI is fairly high compared to a lot of other destinations on the Gulf Coast, especially when you consider the cost of the house and property in GI vs higher cost of properties in places like Florida, yet I find rent cost is comparable between the two if comparing apples to apples.
My question
Can incurring debt to build or buy rental property in GI be a net positive asset? The thing that has me the most concerned is insuring the property.
Any comments/opinions about the Grand Isle rent game is welcomed.
I "believe" that the cost of vacation rental in GI is fairly high compared to a lot of other destinations on the Gulf Coast, especially when you consider the cost of the house and property in GI vs higher cost of properties in places like Florida, yet I find rent cost is comparable between the two if comparing apples to apples.
My question
Can incurring debt to build or buy rental property in GI be a net positive asset? The thing that has me the most concerned is insuring the property.
Any comments/opinions about the Grand Isle rent game is welcomed.
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