RE: The Suburban Real Estate Market Is Toast
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My mom is trying to sell our family house in the Florida Keys and not having much luck. She has already dropped it 10K and we said basically no more. I personally would rather turn it into a rental property as there is no mortgage on it, but she won't listen to me and it's really pissing me off, lol. I hope she doesn't sell it so that I can then try to get her to agree to rent instead of sell. Here's to hoping...
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There is a problem in Florida, insurance companies have decided to punish the place for being against the VAXXX closures. So insurance is sky high and getting worse. You will need insurance to rent it.
Renting will become harder and harder.
Selling you will have to drop much more than 10k.
And then you have all that cash that you need to do something with fast!