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Reply to "explain to me the finances of owning a rental property in the OBX"
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[quote=Anonymous]Factor in another 20% annually for maintenance and carry costs, and the fact that you can generally only borrow 70% at higher rates. But yes, if you're fine only vacationing in one place and don't mind the risk of tieing up a lot of cash in real estate that may not exist in 20 years, it can be very profitable.[/quote]
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