Quote:
Originally Posted by gadaboutgal
We have over the last 15 years owned and rented out many villas. It is easy to rent out a patio villa in winter months,if you have 5-6 months rental , that will usually pay for the villa costs the rest of the year--but only if you are willing to do all the work yourself.
However, letting The Villages Property Management handle all for you is costly and you cannot expect to make much if any profit. I would only go this route if you want to purchase for your own enjoyment and use sometime in the future.
Having said all that, the way to actually make the most profit is to purchase, hold, then sell within a reasonable time frame as the rising cost of the villas is the best benefit, at least for now--who knows what future will bring.
|
Property sales in TV are slowing, I hear, but prices are not being reduced
The hit people are taking to their 401k(s) will cool the market here
Also the amount they can get for their current homes will probably go down as so many people are out of work they will not be able to get a mortgage.