I'm entertaining the idea of purchasing an OBX (outer banks) beach house as an investment, so I'd like to have a discussion with someone who is currently owns one. I need a "look behind the curtain".
- What is the true cost of ownership?
- What will my NOI actually be?
- Who is willing to share with me their I/E reports
- How does rent fluctuate throughout the calendar year?
Are there any current owners out there who are willing to share some info? I am unfamiliar with this type of investing and need a little coaching on how to model this potential investment.