Real estate blog entries tagged with resort property by Steve Blaisdell ,FOC (Beach Realty and Construction)

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Home : Blogs : Steve Blaisdell ,FOC : OUTER BANKS BLAZE BLOG : Tag "resort property"

resort property: Can we really call a property an investment when it caps @5%?? - 08/05/08 11:00 PM

I makes no sense to classify a Beach House as an investment when it only does 5% gross return on income. Once you deduct the operating expenses you are at about 3% or less!!!
I would rather buy a CD or something that will put$$$ in my pocket for an investment. Real investors laugh at listings that are $2,000,000.00 and they are grossing $98,000----
Everyone one is tired of looking at them collecting dust on MLS-!
If I want an investment and by that I mean something that will pay on principal then I will buy a bond or CD or something that will … (3 comments)

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Steve Blaisdell ,FOC

Nags Head, NC

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Beach Realty and Construction

Address: 4826 N Croatan Highway, Kitty Hawk, NC, 27949

Office Phone: (877) 621-3815 x 238

Cell Phone: (252) 207-5864

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