We are looking to purchase an investment property to rent out (preferably year round but seasonal will work too). We have a few in NY - but the real estate here is so rediculous - we decided to look out of state for a change.
Florida is an option - but I am sure there are tons of other places around the country that offer co-op/condo's or homes that allow rentals that can be profitable.
Can anyone suggest areas to look in that they are familiar with? I am sure there are a million that we don't know about!
Well you mentioned FL and we have 2 places in South Beach that we use as combo rental/vacation home for ourselves. We make enough on one place to pay all the bills on that one plus our mortage at home. If you want more info on buildings etc PM me and I'd be glad to help you!
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I'm thinking balls are to men what purses are to women. It's just a little bag, but we feel naked in public without it.
Carrie Bradshaw
I live in Arizona, and the housing market out here is insane right now. My boyfriend's sister has been trying to buy a house in Chandler for months now and has had such a hard time because the day a house goes up for sale, there's already multiple bids, and most of the time, they're for over the asking price. A lot of people are buying from out of state and putting a lot of money down.
We sold our house in Chandler about a year ago when we moved to Scottsdale, and the value has already gone up at least $80,000, and if you can afford to buy in a nicer area, the value will increase even more than that.
Telluride, CO is really popular, because it's got amazing skiing in the winter and biking/hiking/backpacking/film festival/bluegrass festival in the summer. Also, the town is a blend of a traditional "mountain" town and a modern place with a nearby airport. HTH
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