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Reply to "Second home as an investment property - worth the stretch?"
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[quote=Anonymous][quote=Anonymous]For many years spouse and I have daydreamed about purchasing a condo in a popular resort town that we both love. Purchasing this property would require us to keep it rented via VRBO as much as possible, but we’d spend a couple weeks there each year. We can cash flow what we don’t make in rental income but again, the idea would be to offset that as much as possible. My question is, if you made the leap and purchased a second home with the idea of renting it out as a necessity when you’re not using it, do you regret it or was it worth the stress/risk? Did it end up being more trouble than it’s worth? Or are you glad you got on the property ladder in your favorite place on earth?[/quote] We’ve done it. Twice. Regretted it both times. We now own a place that we don’t have to and never in fact rent out and it’s much better. I’d never invest in a rental property again. I’d rather park my money somewhere else and rent a few weeks a year. [/quote]
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