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Reply to "Second home as an investment property - worth the stretch?"
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[quote=Anonymous][quote=Anonymous]Ours has doubled in value in 5 years! We love it, rent it during peak season and use it ourselves before and after peak season. Plan to stop renting it in an other year. Will spend a lot of time there when retired. It’s been a very good investment and dream come true [/quote] +1 to 1st 2 sentences. We plan on continuing to rent it for at least another 8 years and then will see. The rent pretty much pays for the mortgage and maintenance fees. The place will be paid off in 3 years and then lots of passive income. We own other properties that are purely rentals that we don’t use and they do well but none had gone up in equity as fast.[/quote]
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