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Reply to "Second home as an investment property - worth the stretch?"
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[quote=Anonymous][quote=Anonymous]Best advice we ever got was from a woman who lived in the Hawaii condo community we wanted to buy into in the 2000s. She said the HOA dues alone were $1000 a month (then). So that was $12,000 a year we could spend flying and renting a place there or staying in a hotel there. Getting on the property ladder only makes sense to me if things will appreciate dramatically and paying for it isn't a scramble. You will be competing on price with all the other condos around.[/quote] This 1000%!! Owning and renting it out means you have to plan your own trips 1year in advance (or go at non peak times where it won't be rented). Avoid the hassle and just rent when you want to go. [/quote]
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