Basic rules of any investment! Buy when they are selling, and sell when they are buying!
It's currently a buyers market!
It's all about the negotiating a great deal. It's NOT about the list price. All you need is finding that motivated seller. The deal of the century happens about once a week!
I personally own oceanfront condos, invest in oceanfront condos, own a rental company of oceanfront condos, and sell oceanfront condos. For more info go to
http://www.mbcondopro.com/ The lure of the beach & ocean is not going away! What is on the cover of ever retirement brochure?.....The Beach.... and the baby boomers just start to retire in 2007.
We currently have a window of opportunity. I don't know how long it is going to last. Most people realize a good value when they see it. Recently some of the low lying fruit on the tree (low priced condos) has been picked the last 3 weeks. We have had a lot ore condo sale in the last 3 weeks.
I will say this there is no such thing as a positive cash flow condo unless you put down a good amount. What you also have to consider is the tax advantages. I'm not an accountant, but most accountants agree everyone should have a second home. Write off all your expenses, enjoy your unit yourself, depreciate the property, and take a tax loss.
Why is it that most people that have money invest in real estate? It doesn't take a rocket scientist to see the advantages.
Most people would also agree that a condo investment is not a logical choice. You can put your money in the bank and earn interest.
But I just haven't heard any one that was a long term investor, say they wish they hadn't bought that oceanfront condo. I usually hear I should have bought one years ago, or wish I bought more units.
If you are interested in making an investment, I'll be glad to assist you with your plans. I work as a buyers agent which means I go to work for you to get you the best deal. For more info go to
http://myrtlebeachcondoforsale.net/
Just give me a call and I'll be glad to give you a ton of information.
Thanks again,
- Wed Mar 12 2008, 08:56