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Updated almost 15 years ago on . Most recent reply

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Kenneth LaVoie
  • Rental Property Investor
  • Winslow, ME
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florida beachfront condo

Kenneth LaVoie
  • Rental Property Investor
  • Winslow, ME
Posted

Hi all
My wife and I are considering buying a condo in florida and wanted your advice. Here's some info to get started:

we live in Maine
we would want to be able to rent it out by the week obviously, so no restrictions.
MUST be oceanfront - this thing might not cash flow, but I'd like it to be very desirable and I keep reading that one should buy the best you can afford (as in oceanfront) simply because they tend to hold value, appreciate, etc.
I like east coast, but either would be acceptable.
MUST be reliably warm. I've heard upper west coast (pan handle etc, sarasota) is great and has some of best beaches in world but can be cold in winter, and this would obviously be a 'toss of the dice' for renting it out.
Price: like to stay under 200k

Any thoughts would be appreciated!

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Aly W.
  • Investor
  • Middletown, NJ
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Aly W.
  • Investor
  • Middletown, NJ
Replied

Bienes, it party due to higher upkeep costs, higher insurance, 24 hour security, and amenities. It also covers those that aren't paying, i.e., units in foreclosure.

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