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Old 21-08-2006, 02:02 PM
bennett bennett is offline
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Join Date: Aug 2006
Posts: 32
Default What?s Opinion Buying in Florida Buying?

I'd be very cautious if I were you!

A good pal of mine has one of these properties close to Disney, it comes to less than 40 weeks rental per-year which means he has to 'chip-in' a lot of his own cash every month.

A 30 year mortgage means you will be paying about US $1,000 per-month just in interest during the early years......ouch!

Also bear in mind that the US property market is probably at the extreme end of a massive bubble..........do you really want to make a 30 year financial commitment?

Even if you do buy this place, you can't even live in the US for more than 3 months (and I think you are limited to a 6 months maximum per-year anyway).

Best avoided my friend.

Good luck.
Bennett
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