Are there any condo's/houses on PCB less than $100,000? Can I make a decent amount money by renting?

Ko
Home Buyer
Lake Mary, FL

out beach home in PCB ?

Answers (3)
Jeannie Whitwor...
Agent
Panama City, FL

There are a few. Right now there are so many places to rent that you would need to make sure that the property that you buy is in good condition and that it has a good rental history.

Wed Sep 16 2009, 11:30
Karen Branham,...
Agent
Panama City Beach, FL

There are a few homes for sale at that price point including 13008 Agave Street, 3 bedroom, 2 bath, garage, just reduced by $20,000. Yes, there are also condos under $100,000 and they do go quickly. We are seeing so many good deals coming on the market in PCB! Of the many advantages of having an agent work directly for you, they know the moment a property hits the multiple listing service, and you then know about it as well. Also, it benefits you by working with experienced and educated agents who know the current market conditions and work that area. You may want to consider working with one agent who can meet those needs. Also, regarding renting PCB property, due to the high number of foreclosures, we are seeing tradiitional homeowners seeking out rentals. If a rental is priced at current rental market value, the homes rent quickly. Hope that helps.

Sat Sep 12 2009, 10:01
Phil Moody
Agent
Jacksonville, FL
FIRST ANSWER

Ko,

That's easy if you pay CASH and have no mortgage!

Because of the high cost of insurance and property taxes in Florida
it is almost impossible to have a positive cash flow unless you
inherited the property or bought 10 or 12 years ago.

There may be a deal out there.
Contact a local REALTOR.
Good hunting!

Phil Moody
904-982-3373

Wed Aug 26 2009, 06:06

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