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Updated almost 7 years ago,
Vacation properties - Jersey
Hey all! So I occasionally look for preforeclosed, foreclosed, and for sale properties down the (south) Jersey shores.
What are the typical expenses when evaluating vacation properties?
1. Mortgage
2. Interest
3. Taxes
4. Insurance - ball park figure?
5. PM - ball park figure?
6. Cleaning - ball park figure?
7. Maintenance - ball park figure?
8. Utilities - ball park figure?
Obviously vacancies, turnovers, etc need to be put into the equation as well!
Input? Advice? Experience?
Thanks all!