Investment Info:
Small multi-family (2-4 units) buy & hold investment in St Augustine.

Purchase price: $230,000

Cash invested: $200,000

Two homes on half an acre. CURRENT FOR SALE.

Homes w...

Their taxes have increased dramatically over the past 4 years, 150-200% increase across the board.

Tourism in the area seems like it's been dramatically down over the past year though.

Natural disasters and requirements for 100% hurricane coverage have had a dramatic impact on HOA's insurance costs, and also affect Buyers due to lending requirements. 

Of course, values have dropped dramatically, and additionally, extreme foundation problems have occurred.

So, with a flood of renter’s leases ending at year end this could of caused the demand to increase dramatically, driving up median asking rent.

The areas they are in vary dramatically and you should be careful with sight unseen investing in the City unless you have someone on the ground that you can trust to properly evaluate properties and neighborhoods.

If someone dramatically overpaid in the peak of 2022 and didn't sell in 2023 when rates were at their highest than the chances are they will be fine in the coming year.

If i close my eyes, I see a cozy dark interior, two chairs facing the fire and dramatic lighting in the corners and ceilings. 

The property's appeal increased dramatically, attracting numerous potential buyers.