jmzf1958
TUG Member
Hi, everyone. I just visited Anna Maria Island in Florida and loved it. In a few
years, I want to be in the warm weather for a few months. I would like to
rent the rest of the time. I saw a few properties I like, one was a one story
condominium with only eight units with a heated pool. Just across a quiet
road was the beach. Rentals would pay most of the upkeep. The price was
about fifty percent of what it sold for four or five years ago. In this
economy, I'm a little nervous, but I'd hate to pass this up. I have no
mortgage, so I could refi my mortgage to pay for the vacation rental. The rates are so low, 5%. I'm thinking the value will go up in time and it could
be a nice investment if I sell. I don't need to worry about my income. It's
secure. Anyone have any opinions on any of this? Any advice is appreciated!
Judy
years, I want to be in the warm weather for a few months. I would like to
rent the rest of the time. I saw a few properties I like, one was a one story
condominium with only eight units with a heated pool. Just across a quiet
road was the beach. Rentals would pay most of the upkeep. The price was
about fifty percent of what it sold for four or five years ago. In this
economy, I'm a little nervous, but I'd hate to pass this up. I have no
mortgage, so I could refi my mortgage to pay for the vacation rental. The rates are so low, 5%. I'm thinking the value will go up in time and it could
be a nice investment if I sell. I don't need to worry about my income. It's
secure. Anyone have any opinions on any of this? Any advice is appreciated!
Judy