Joe
basically on a cash investment, depending on the condo you are looking at about 4-8% on your investment after everything is paid for as far as taxes, monthly fees, etc.... if you get a mortgage forget it you will be in the negitive or just break even max
Saying all this the LBK Club is a great place to be in , Has all the amendities you need. However i do know of a condo north on LBK full gulf views sitting there that you could get a better return on but does not have the charm of the longboat key club. it is in the mioddle of the island, but it is a complex you can rent monthly which is not common on LBK. most condos have higher restrictions. small complex and both bedrooms face the gulf of mexico. nees a little TLC but all you hear are the waves of the gulf when you are in the condo
aany interest let me know
David Leventhal
The Leventhal Team
Coldwell Banker Previews
Hope this helps

Dear Joe:

Generally, the law of averages suggests that when you are financing with an 80% mortgage, you will be hard pressed to see positive cash flow. Typically, investments here are dependent on appreciation and renting out your property is a way to help ease the pain of ownership until you can sell and capture the gain. Even on Siesta Key where rental limits tend to be more conducive to investors, it would be close to impossible to reap any profits under these guidelines. Prices here are at an all time low so buying now and buying right, makes this the perfect scenario in my opinion to purchase and hold. You may have to hold your purchase longer than in the past to see any substantial profits though. The market has changed and the quick flip days are over.

I would be happy to help you work out the numbers and make suggestions on how you can buy and sell under different scenarios, such as a "1031 Exchange" and different mortgaging options to help make more sense of your purchase.

My Best,
Terri

Teresa M. Fellows
Broker/Associate
Waterside realty LLC
941-350-4297
tmf4257@mac.com http://www.floridawestproperties.com

This is a hard answer fr it depends hat you get the condo for and all. the Longboat Key Club does keep the condo rented very well but they do take 50% of the rental income then you add in taxes and monthly fees and you are looking at about 5-8% on your money. The value right now is you can get that million dolloar condo in there now for 650,000 and in time the maret will recover. However you may be better off with a home you can rent out as you please or other condos in the area.
Feel free to visit my website http://www.LongboatKeyproperty.com
David Leventhal

Joe,

Realisticly, on 20% down, it's very unlikely that you will be able to enjoy a positive cash flow on a property located on Longboat....

Good luck trying

The inn On The beach at The Longboat Key Club is one of only a very few properties on Longboat Key (Sarasota County, FL) which produce reliable high gross revenue ratios compared to current asking prices.
I have listed, sold and assisted in the purchase of over 25 suites at the Inn,over the past ten years, and most if not all of these clients have been satisified with the returns as well as the 4 dimond lifestyle.

We have included full revenue disclosures under "DOCUMENTS" at the websites referrenced.
http://innonthebeach2404.nowoffered.com/ , http://innonthebeach2404.nowoffered.com/

The Inn On The Beach at The Longboat Key Club is an AAA Four Diamond beachfront resort
located just off the coast of Sarasota. All 200= suites are in condominium ownership and most
of the owners place them in the "Owner Rental Program"

The "Owner Rental Program" at the Inn is unique in this area, but has been copied by a number of
operators including several well known chains. Once in the program, your ownership is hands free,
and all marketing, reception, collections,daily maintenance,guest services,etc.are the responsibility
of the Inn, with whom you split gross revenue.

As an owner,You and all guests staying in the suite have full use of the Longboat Key Club.
14 days in-season and 14 days off-season are yours to use free. All pay only greens fees or extra Spa services and restraunt charges.

The suites are elligantly appointed accommodations and feature a fully equipped kitchen, washer/dryer,
private balcony and daily housekeeping. On-site amenities include four restaurants,
PGA championship golf, 38 tennis courts, fitness center withcomplete spa and massage therapy.
year-round Kids Klub and miles of white sand beach.

Golf at The Resort at Longboat Key Club promises to delight and challenge players of every
level with 45 holes of championship golf set in a tropical landscape, a Golf School offering
a variety of instructional options and two retail pro shops. Guests can choose from the
18-hole links-style Islandside course with water hazards coming into play on every hole or
the tree-lined Harbourside course composed of 3 nine-hole layouts and bordered by
Sarasota Bay.

Please feel free to contact me toll free with any questions.

Jim Vitale,
Coldwell Banker Previews International Specislist
423 St Armands Circle, Sarasota, FL 34236
888-729-7115 http://www.teamvitale.com

One of the problems with condos on Longboat Key is that the rental policy is very restricted compared to Siesta Key or Anna Maria. But there are certain condos that allow you great flexibility. Profitability always depends on the rental management company and on the relationship that you develop with your renters. If you rent only 3 months out of the year and you always rent to new people, you will not be profitable. But if you rent 9 months out of the year to tenants who come back year after year and rent directly through you, the situation might be totally different. And as marian said, it also depends on how much you put down.

On Friday, I will be listing a great condo with full gulf views on Bradenton Beach for about 575K and I understand that the rental history there has been great over the years for some of the owners.

Michel

941-806-7063
P.S. Please do not hesitate to get in touch with me if you need more information or help with your real estate needs.
Michel

Dea Joe,
I even hard to answer this question because we looked at a Long Boat Key a few years back, before the real estate increase, and we could have gotten a great place there for a very reasonable amount. Could have should have...anyway like most rental properties, "breaking even" is hard to do unless you can put a lot down. I am not saying you can't, but to be realistic always be able to cover a little bit each year. We would love to help you make the very best decision on Long Boat Key. We love Long Boat Key!! This is all we do is help people locate their ideal investment, second home or retirement home. Please give us a call at 877-886-8388.
terry@marianschaffer.com
The Schaffer Realty Group http://www.marianschafferrealty.com