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re: Beachfront house: Good investment
Posted on 6/2/25 at 5:51 pm to GeauxTigers123
Posted on 6/2/25 at 5:51 pm to GeauxTigers123
quote:
But the OT and this board have been promising me a housing crash for at least 8 years.
Especially the OT.
And I’m still waiting on the new and used car market to “fall of a cliff” like was promised so that we can get some good deals.
0
Posted on 6/3/25 at 3:25 pm to GeauxTigers123
quote:
This makes me want to just rent a few times a year. Haha
Shoot, with the availability of month-plus long rentals and discounts for longer stays from sites like Airbnb, there's something to be said for this approach. Zero stress or work and you can explore different locations.
ETA: Of course, this is a totally different thing than the OP is looking for.
This post was edited on 6/3/25 at 4:24 pm
Posted on 6/7/25 at 3:17 pm to anc
quote:
My LTR properties send money to my account every month and this is where I am focused on growing. Buy them. Slight renovations to get them rent ready. Rent for 5-7 years, major renovation, sell and repeat.
Why the exit after seven years?
Posted on 6/7/25 at 4:45 pm to N2cars
NYET !
Posted on 6/8/25 at 9:57 am to Chucktown_Badger
You hit the nail on the head with exploring different locations. If you buy a property you intend to use personally and as a rental you will always feel tied to that one place.
This post was edited on 6/8/25 at 10:09 am
Posted on 6/8/25 at 12:28 pm to deltafarmer
quote:
You hit the nail on the head with exploring different locations. If you buy a property you intend to use personally and as a rental you will always feel tied to that one place.
Yep.
We go in the off season. Pay about 5k for the week on the beach. I'd pay more than that just for insurance a year if I owned.
Posted on 6/8/25 at 2:09 pm to Billy Blanks
quote:
Pay about 5k for the week on the beach. I'd pay more than that just for insurance a year if I owned.
But some people have killed it on appreciation for the last 15 years. If they bought in 2010, they’re sitting pretty. I mean it’s kind of like any other form of investing. It’s speculative.
Posted on 6/8/25 at 3:41 pm to N2cars
It sounds bad, but wait until a hurricane comes through and crashes prices. Then buy.
Posted on 6/8/25 at 4:32 pm to 2geaux
quote:Wow. Good for you! Ours roughly doubled by last summer, when we to decided change domiciles for family reasons. We thought a double was great, but 3x in 10yrs is out of sight!
I bought one 10 yrs ago and property values have more than tripled so far.
It wasn't a factor in our situation and we weren't renting, but in terms of the OP, our escalating insurance and property taxes also left us shelling out >$80K/yr (w/ a $30K hurricane ins deductible). That's a lot of added cost to cover with rent on a beach place if you need positive cash flow.
Doable? Yes.
Slamdunk? No.
Now if negative M2M, or Y2Y cashflow is not a problem, that deescalates short-term risk. Then profits rest on resell pricing and potential which should escalate at most beaches.
Posted on 6/8/25 at 4:36 pm to The Scofflaw
quote:Honestly, doesn't sound "bad" at all. Sounds savvy.
It sounds bad, but wait until a hurricane comes through and crashes prices. Then buy.
At some point as an owner one has to take those risks into account.
Posted on 6/8/25 at 5:21 pm to GeauxTigers123
quote:
But some people have killed it on appreciation for the last 15 years. If they bought in 2010, they’re sitting pretty. I mean it’s kind of like any other form of investing. It’s speculative.
Right, and that's true. It's not remotely close to 2010 though, that's 15 years ago coming off a crash. The market is off it's highs from 18 months ago but not remotely close to the 2010 market.
Most of the USA is up 70% since 2019.
Posted on 6/8/25 at 5:38 pm to N2cars
No.
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