Quote:
Originally Posted by nanci2539
Who owns rental property here in TV? I'm talking from a purely investment purpose.
I feel buying a small villa or home to rent out is a good investment because re-sales will eventually be the only property availabe to prospective buyers so a return on your investment should be healthy.
However, my hubby doesn't see it that way. He offers several debatable reasons why owning investment property isn't a potential golden egg.
I am curious - who owns rental property here and in short, what are the pros and cons. The most obvious of course is the ability to keep it rented in the slow summer months. But what are the other pros and cons?
Whether we do this remains to be seen but I am curious to other folk's points of view.
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I've rented my place for six years when I am not in TV. I think it is an incorrect assumption that the demand for housing will be greater when the buildout occurs. That should be just about the same time the baby boomer generation subsides. And the time when deaths of boomers who flooded to TV
will sharply increase the number of properties available. Also it is very possible the Morse's will expand the boundaries farther than many people currently think they will go.
Hubby is right about golden eggs. Renting requires that you stay on your toes. It can work, but only if you do. To rent successfully, many details have to be lined up correctly, especially if you are not living close by. Good luck!