The newer homes built after 2002 did better than the older ones… The new codes work and newer homes have to be built on higher ground. My land development deal in Sugarland Tx was untouched… Plenty of safe places to buy in Texas and Florida… Good time to be a vulture investor…
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Can buy a condo hotel in Daytona Beach waterfront for $37k Rents for $110/n 60% occupancy… 45% manager fee $400 hoa and annual taxes of $660
Not a bad return especially if you want to go to Florida… Only an hour from Orlando check out Real Estate with Bob on cable TV
Positive 10% cash flow and you can visit 60 days year
Cost $50k before Irma
https://www.zillow.com/homes/for_sale/Daytona-Beach-FL/pmf,pf_pt/condo_type/17718_rid/pricea_sort/29.308704,-80.973359,29.111525,-81.219521_rect/11_zm/
Is there a specific zip code @elt1 ? Many of the ones in the zillow link are too small - all max out at 400 sq ft. Are these really worth 32k ?
Lot of cheap condos
But I would look for a beachfront with ocean view
Like the Hawaiian
They are hotel rooms
400sf is ok
Especially if a one bedroom with a real kitchen
I would make a bunch of low ball offers… probably a few sellers wanting out
Many made a killing if bought in 2009
The Hawaiian sold for $15-20k in 2009 now up to $129k