I'm considering purchasing a beachfront condo. Does anyone out there have examples of either of the following they'd be willing to share??
- Detailed monthly cash flow statements in spreadsheet form populated with actual dollar amounts (certainly ok to redact address, etc)
- Annual Property Operating Data in spreadsheet form populated with actual dollar amounts (again, certainly ok to redact address, etc)
Unlike normal rental properties where the rent is consistent throughout the year, these rents swing wildly from peak season to off season, so I want to make sure I am modeling the cash flows correctly.
I'd say most people on BP are against buying condo's and it's because of HOA fees. You also don't have the ability to flip it or add value like you would with a SFR or multi.