Islands in the Sun – Recreational island investing

Recreational island investing

Recreational island investing … often it is better to poke yourself with a sharp stick in the behind.

Things to do – why you should be doubly careful when investing In Your Island in the Sun

  • We forget that islands take ferries (some take 3 ferries)
  • Building at waterfront could be impossible (can no longer go to the water – 100 ft. away)?
  • Buying on a “No ferry islands” – boat access only – hardly any use?
  • Location – west view is best – look where your island property gets the sun? Morning or afternoon sun?
  • Mortgaging difficult – if owner carries – get 10 years length
  • WATER: water well … just enough to brush your teeth. How many gallons per hour?
  • SEWAGE: septic fields could ruin your investment. Tanks: Above or below? How close to neighbour?
  • BEACH: in Canada, you do not own the beach. Rather, the property ends at the high water mark.

More details at www.factsbyemail.com (Look at this week’s special offer – including 2 tickets to OUTLOOK 2016)

Ozzie Jurock

Ozzie Jurock

Ozzie helps members build an action plan toward real estate success with his Real Estate Action Group, arming investors with the best information and insights possible with his Jurock Real Estate Insider. More info OzzieJurock.com

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