Quote:
Originally Posted by gm1180
We are looking for a place to retire, and hope to make it to TV this year to check out. If we decide it is the place for us but are not ready to make the move for 5 more years would it make sense to purchase now while prices are a little down and rent the house out? Is owning a rental a viable option in that market?
(We are of age but not ready to shut down our work yet.)
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Thats what I did. I bought a patio villa that was furnished. I outfitted the place and hired a rental agency. I didn't want my house sitting empty and this seemed like a viable option. I was able to rent it in high season this year but after March it will sit empty. The rental agency checks it when it is not rented. You will definitely be able to rent it in high season but after that the market is not to good. If you opt for a long term rental you make out better. I would definitely buy now as prices are a lower and the tax advantages will help you. Hope this helps.
Bob