Taxes should drop to somewhere around $1,000 mth this year.This property also qualified for Gulf Opportunity Zone, Go Zone, tax benefits which was designed as 50% accelerated depreciation bonus after Hurricane Katrina.The condo units themselves appraised at around $250,000 at the height of the real estate boom when they were constructed in 2007-2008.

I agree that the National picture should get bleaker due the boom bust timing of local markets just entering the party.

The vast majority of newbies fail and that is even more pronounced with long-distance landlords (even if you have local management).During the boom, we had a bunch of California landlords here in my area.

It has gone through 3 Major booms and busts.

Well ladies and gentlemen, I completed my first real estate deal and it was a good one!!! :rock:

It was a shortsale flip in Arizona.

Deal breakdown was:

A-B Purchase Price - $150,000
B-C Sale Price - $203,000
Clos...

They get carried away in the boom upswing; then they get whacked when it turns down.

We've all seen the boom and bust first hand, and try to stay on top of the local news as much as we can.

Branson has been showing an appreciation rate of 15% on average and has been booming for the last 3 years or so.

This city and province have hit its Real Estate Market Boom during the summer and still sizzling!

. :) SLC is still booming.