Most of us have heard these words spoken. Perhaps we have even said them ourselves. But what does it mean? In today's market, savvy investors are looking for alternatives to the stock market and a nearly absent interest being paid by the banks. Let's take a look at this newly listed property offered for $259,000 by Scenic Sotheby's International Realty. This is a bay facing, 2 bedroom, 2 bathroom end unit located within the Sandestin Golf and Beach Resort making it a very desirable location for those looking for a second home or investment opportunity that generates income. This particular condo generated a whopping $35,000+ in 2015! Imagine, gaining an asset that is being paid off by rental guests.
Even with a small downpayment in this particular scenario, your net rental income would cover all costs, including the mortgage payment, with money to spare. So you're getting paid on vacation.
If this scenario is speaking to you, pickup the phone and give us a call or email us to discuss more "money makes money" opportunities.