Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Considering Buying A Beach House and Will Rent Out (OBX)"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]For me, it worked pretty well. I bought a beach townhouse/ condo from my aunt when they upgraded. This was in 2001...For about 10 years I rented it out in the summer. I paid 110K for a two bedroom Bayfront in DE. When I rented it, it would be rented out every week from about Memorial Day to Labor Day, abut 14 weeks per year; rent averaged 1500/month (less in in June, more in July-Aug)...And some years, I could pick up 1-2 weeks in Sept . Bottom line is I broke even from a cash perspective (except for depreciation, which gave be about 2K in tax savings). After 10 year, I started using it instead; I had paid it off. We sold it last summer as we wanted a bigger place and got something inland a bit. Sold it for 400K. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
