Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

264
Posts
279
Votes
Fred Cannon
  • Rental Property Investor
  • St Augustine, FL
279
Votes |
264
Posts

Hold for appreciation

Fred Cannon
  • Rental Property Investor
  • St Augustine, FL
Posted

Looking at a property that is approximately 1.5 acres near a major golf destination ( 2 miles). On this rural property is a well maintained 3/2 mobile home with a two car garage plus a shed in the back area far away from the home. In this area are several homes in the 4-500k range as well as other well maintained mobile homes. I am considering purchasing this as a long term appreciation hold and maybe a short term golfers use or long term 6-12 month rental. Also this is in Florida so could list as winter over property for golfers or snowbirds.

List is around 100k. If I hold for a year or so I think I could resale for at least 120 Need to do some more homework about rental possibilities. Hope to get a showing this weekend Any input from anyone would be appreciated. Not much info I know I will update thread as I get more information.

Loading replies...