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[quote=Anonymous]BTW I own in a condo complex near the beach. Around 2021 all the investors stopped buying. Prices rose a lot making the profitability less and insurance rates were rising.

Plus with a longer term muni bond paying up to 5 percent if I want to make income I could buy a muni bond for two million and collect one million a year tax free interest.

And if I finance it going to cost me 7 percent interest on a second home rental property. Even if I put down $500K a 1.5 millon loan will run me almost 10K a month!! And at beach, HVAC, Roof, paint, gutters the crap goes quick.

My condo they put on a 50 year roof in 2010 top of line. It needs replacing soon. After 15 years the roof is showing age. It might make it to 20. Everything goes quicker.

The condo up the block my condo that actually has a pool, and amenities common charges went from $750 a year in 2020 to $1,500 a year in 2025 and is well run. Insurance and replacement costs by beach are through the roof. And not like you can pass that all on to renters.

I would for fun get a quote on that property for insurance and bet you will choke. They add in realtors fees and building manager fees or aribnb fees and cleaning fees it is not an easy business.

In fact my little beach condo by beach all the investors now rent year round. It was just too much work managing tenants in and out all day. Complaints, thing breaking. One investor is an electrician and he went to full time as a headache not worth it to hime weekly rentals.      [/quote]

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