When you have the perfect vacation in a great location, it is tempting to dream about owning a vacation home. However, an article in Realtor.com points out that a vacation home may not be such a great investment
REMI’s Top Tips for Investing in a Vacation Home
The Real Estate Marketing Insider has announced its top four tips for budget conscious buyers who are considering purchasing a vacation home as an investment property. A recent Trip Advisor survey showed that nearly half of all US travelers have stayed or are planning to stay in a rental home this year, up from 46% last year and 40% in 2011.
Vacation Homeowners Turn to the Rental Market
When Karen Logan received zero offers on her Lake Tahoe home last year, she decided it might be a better idea to rent it out instead. “I’m retired, living on benefits, so I need the extra income,” she told us. Logan’s 3-bedroom lakeside home now rakes in $1,800 each month, and sometimes $1,200 per week