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SVTPerformance's Chain of Restaurants
Road Side Pub
Any Vacation Condo Owners?
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<blockquote data-quote="11GT50" data-source="post: 13778117" data-attributes="member: 128716"><p>Destin and PCB aren't exactly the high rent district compared to other parts of Florida and location is key. If the condo isn't right on the beach, you're probably not going to make your money back.</p><p></p><p>We rented out my grandparents' condo after they died and it was a huge money loser as the real estate market in Florida is shit and we couldn't command enough to cover taxes and fees, even though we owned it free and clear(no mortgage). I would think of it as a vacation home first and an investment second, because you're probably not going to completely cover your costs or turn a profit.</p></blockquote><p></p>
[QUOTE="11GT50, post: 13778117, member: 128716"] Destin and PCB aren't exactly the high rent district compared to other parts of Florida and location is key. If the condo isn't right on the beach, you're probably not going to make your money back. We rented out my grandparents' condo after they died and it was a huge money loser as the real estate market in Florida is shit and we couldn't command enough to cover taxes and fees, even though we owned it free and clear(no mortgage). I would think of it as a vacation home first and an investment second, because you're probably not going to completely cover your costs or turn a profit. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Any Vacation Condo Owners?
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