Newbie in Raleigh area but interest lies at Atlantic Beach, NC

[Traci W.]

Hello! My husband and I have one rental property - at the beach - which I haven't heard a lot about people investing in seasonal properties, like at the beach or mountains - so am interested in that. We realized we have bought a pretty good deal and our returns should be pretty solid 10% every year so we are happy with that. We like the complex we bought into, nice pools, on the beach, etc. The HOA's are a bit high but but that includes a lot of the fees we don't have to pay personally so I guess it's fair.

I have a full plate for the next year and I'm a bit worried about where the economy is headed so I'm leary to buy another unit too soon as we prefer to pay cash.

I love listening to podcasts and reading, so I'm constantly learning about all this stuff!  I'm also in school so my plate is full with homeschooling our kids, my own school and my husband runs our business and I do the books and have a couple side bookkeeping clients! i'm not afraid to be busy or work hard - I LOVED rehabbing the condo - and I can't wait to do another one!  :)

Thanks for listening/reading!