Quote:
Originally Posted by dsned
I am also looking to buy investment property in TV BUT with one option none of you have figured into your equation. I will rent yearly, according to what others in the know have been telling me yearly rentals are in great demand. There are many people wishing to live in the villages who do not want or can not afford to buy but can afford to pay rent.
Kentucky Blue and 9922 any thoughts? dsned
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If you are prepared to take money out of your pocket every month to pay for all your maintenance expenses, plus taxes,insurance, and fees, go for it.I'm not even including a mortgage payment or any replacements of appliances or mechanicals.As a pure investment that generates a true cash flow i could never get the numbers to work in any situation .I would love to own an investment property in TV,but after realizing the price i would have to pay for a property and the postive cash flow i would receive after expenses,it wasn't a viable investment i wanted to pursue. I've always believed you make your money when you buy investment real estate and not when you sell.At the current prices in TV, my best advice is to purchase a home as an owner -occupant and live happily ever after.