beach rental

2 Replies

I am interested in  investing in a beach rental. Any info on getting financing?  The property  list for 1.2million beach front. Grosses 80,000 a season. Expenses  are about 33,000. Any info you can given would be great. 

Beach property is best to get financing from. Local bank in that area. Beachfront properties typically require larger down payments 25% min and some places higher. Also make sure the expenses include flood insurance. Remember that beachfront properties also have much higher capex costs as HVAC systems last on average 5 years and painting and redoing decks etc is also required more frequently. Based on info you provided on price the property would be negative cash flow of $3000+ a month.