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Updated almost 8 years ago on . Most recent reply

User Stats

42
Posts
6
Votes
Mike S.
  • Cambridge, MA
6
Votes |
42
Posts

Sonowbird for free....multi vs condo ?

Mike S.
  • Cambridge, MA
Posted

From Boston, trying to buy a place somewhere in Florida which seems to have a bunch of 10 cap properties

If I buy a 2 or  3 fam I can rent 2/3 and almost cover everything w/25% down, then have an empty place to go to any time... 

BUT if I buy a single or a condo I am stuck trying to seasonal rent it during the winter months (that I want to visit) leaving me with less income than the 2/3 full 3 fam that gets year round rent.

The question is has anyone made the seasonal rental work as well as the multi????

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