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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous][quote=Anonymous]Yes. We bought 3 and Airbnb then when we are not staying at them, brings in a modest income of 100k[/quote] 8:55 here. If this is the intention, be sure to check on the availability of a vacation rental license and any limitations for weekly rentals in the area you’re considering. In some highly desirable places where house prices have risen a lot, local sentiment has driven limitations and even restrictions on new vacation rentals. The pandemic made this worse, as wealthy people from away bought up houses. Due diligence is more necessary than ever.[/quote]
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