Are you or your clients looking for a property or two to buy that will positive cash flow or come pretty close? Do you know anyone who wants to have a place to come to on the beach with out worrying about out of pocket expenses each month? Do they have 20% to put down? If you answered yes to these questions, let me know. I have done an extensive study of the beach front units in Orange Beach Alabama. I have found about 10 units that will positive cash flow during year one, and should appreciate over time.
Of course I can't say all this with out the caveat of...subject to credit approval, rates and availability may vary, not available in all areas, projections based on an 80% loan at 6.5% interest and kept in a rental program at 60% occupancy through our the year.
If you have not been to our area, we have beautiful white sandy beaches, blue water, great fishing and boating opportunities and is a very comfortable drive from Birmingham, Atlanta, New Orleans and even not too bad from Indiana, Kentucky, Illinois, and Ohio.
Just give me a call or shoot me an email referencing this blog and I will do whatever I can to help you or your clients find that perfect property.