My wife wants to purchase a condo in Longboat Key similar to what her family had when she grew up.
She asked me to run the numbers, but I am not much of a real estate guy. It seems the first couple that I looked at basically breakeven. It seems any return would come from the appreciation.
How should I estimate the asset appreciation? Should I just plug in 3%? I believe my wife would like hold this condo for a really long time.
Thank you in advance.
She asked me to run the numbers, but I am not much of a real estate guy. It seems the first couple that I looked at basically breakeven. It seems any return would come from the appreciation.
How should I estimate the asset appreciation? Should I just plug in 3%? I believe my wife would like hold this condo for a really long time.
Thank you in advance.