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Is cottage in Long beach, Washington a good investment ?
Happy New Year !
My friend recommended me to buy a cottage in Long beach in WASHINGTON STATE. He advised me to buy a cottage less than $100,000 and hold. In 10 years, the value will be doubled. His point is that the mortgage would be so low that it would be less risky in case of mortgage rate increase. I can rent it out in summer $100/night and it would cover my mortgage for a year. If you know the area well, please advise it makes sent to you and also good neighbourhood in Long beach. Thank you very much.