Quote:
Originally Posted by DrMack
I believe you have thoughts that you will earn money on a rental here in the Villages. I would hope so, but doubt it.
From our own personal experience we purchased a home a couple years ago in Dabney. I can tell you for certain we have lost money on the build. If we sold today, we might almost get 550 k or about what we paid for the home in early. 2023. The thing is we have since paid property taxes annually as well as all the other bills mentioned and have done some improvements. If we sold today we would lose all that and a real estate commission. Buying for profit is a fool’s errand.
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Nope, not in it to make rental money. Just to purchase a future retirement home, and potentially rent it if possible. If I don't or choose not to, totally ok with me. I will have started to build equity a little before retiring and my wife can take it over.
Can I ask where you saw that I was doing this for/as investment property? That threw me a bit...