I specialize in the condo and town home market on Savannah's Wilmington and Whitemarsh Islands. I would be happy to give you my opinion and recommend some great choices.... both near the beach and historic Savannah. Be aware that many condo communities restrict the number of units that can be rented so if you anticipate the need to rent the condo at any point to a tenant you need to be fully aware of their policy. If your goal is to hold on to the investment property for at least several years, enjoying it as a vacation home in the meantime then there are some great choices I would recommend.

You can certainly look on line as there are tons of articles written for investors. My suggestions for you would be: 1. get pre-approved for a loan through reputable lender; 2. find an agent who can help you determine what is available in your price range; 3. your agent can help you with the comps on a property and to help you with rental rates in the area; 4. once you have found the perfect opportunity you can purchase the property and begin with your investment whether you are going to rent it out through a property manager or yourself.
The downsides right now are that the loans are much more difficult to obtain than in the past. There are many properties at Tybee that are rented weekly and some of the places are considered Condotels which make them very hard to finance. Once you can put your hands on the financing, the good news is that you should be in position to make money. The propery values are down right now and there are some great values to be had. You definitely need to study on investing if this is your first time. I would be happy to help you in any way that I can. Robin

Are you referring to a condo in Georgia?


If you are looking for a Florida Condominium,
please see this page on my Website, and follow the Condo Links on the Page:


http://zekerealestate.com/Condo_Pros_and_Cons.html

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Best wishes to you,
Fred
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