Beach Condo-Investment

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Posted by julie on April 18, 2008 at 22:06:46:
I am thinking about purchasing a condo in FL on the Beach as a part time 2nd home & rent it out for several months out of the yr also. I know HOA fees are rediculous & taxes are high but prices are beginning to fall & Im thinking now may be a good time to take the leap. This has been my families dream but I have always thought it was not "practical" for us to own. I am wondering if anyone has experience in beach rentals & if it is possible to at least have the place pay for itself & break even if it is rented out ....say....9-10 months out of the yr & listed with an aggressive property manager. I have seen several beach condo repos here & I believe I could purchase one for around 320k. Any info, help or advice is appreciated.

Follow Ups:

Re: Beach Condo-Investment Mike Marsh 11:31:31 07/07/08 (0)

Re: Beach Condo-Investment Joe-Ga 04:09:19 06/30/08 (0)

Re: Beach Condo-Investment jack E 15:23:14 06/29/08 (0)

Re: Beach Condo-Investment Bob Davis 20:13:11 04/29/08 (0)

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