Renting and flipping alive, well and needed to keep prices up?
While staying in the Villages in the month of May my wife and I looked at many homes but the most interesting was the new construction. We met two couples looking at the new model homes that told us they purchase two homes every year with the intention of renting or even keeping vacant for a year and then selling. They continued by saying they have been doing this process for eight years and made money on all their transactions and "many" others do the same thing. I asked if they live in the Villages, and they said no but they are the reason prices stay higher compared to other Florida locations. Hmmm?
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Saving for my place in the sun.
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