Bobby J
Beach Fanatic
Not swarming yet but they are here;-).
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Coastal Resort Mrket - How did we get here?
- Thread starter coastal-edge
- Start date
Not swarming yet but they are here;-).
Busta Hustle
Beach Fanatic
Shelly is showing incredible restraint. Hope she isn't ill.
Bobby J
Beach Fanatic
Hmmmmm.....
Smiling JOe
SoWal Expert
Even Shelly may like the deals I saw today -- Cash flowing (positive) homes in South Walton. When did anyone think that would happen again?
Busta Hustle
Beach Fanatic
actually that never stopped happening.
Wonder why someone would sell a cash positive re asset? Tired of making $$$?
Wonder why someone would sell a cash positive re asset? Tired of making $$$?
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Smiling JOe
SoWal Expert
Busta, what do you mean that it never stopped happening? Are you saying that people have always been able to buy cash flowing properties in SoWal? Or, are you saying some existing (not for sale) properties cash flow?
I know of only a handful which are currently for sale which provide a positive cash flow and those types of properties haven't been available for a long time.
Why would someone want to give up cash flowing properties? Maybe they couldn't cash flow with the current buyer because the current buyer bought too high, and now they are short selling. Or, maybe they are bank owned and the banks don't want to be landlords. Or, maybe someone needs to sell due to financial hardship such as unexpected medical expense or divorce. Maybe they just want to free up capital to buy an RV. Plenty of reasons.
In the properties to which I refer, they current owner is not cash flowing, but at the listing price, they will cash flow for the new buyer.
I know of only a handful which are currently for sale which provide a positive cash flow and those types of properties haven't been available for a long time.
Why would someone want to give up cash flowing properties? Maybe they couldn't cash flow with the current buyer because the current buyer bought too high, and now they are short selling. Or, maybe they are bank owned and the banks don't want to be landlords. Or, maybe someone needs to sell due to financial hardship such as unexpected medical expense or divorce. Maybe they just want to free up capital to buy an RV. Plenty of reasons.
In the properties to which I refer, they current owner is not cash flowing, but at the listing price, they will cash flow for the new buyer.
melscuba
Beach Fanatic
Where?
Busta Hustle
Beach Fanatic
okay now i see what you mean. there were "those 3 years" that they were hard to find. Let's never speak of that time again.
