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Reply to "Second home as an investment property - worth the stretch?"
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[quote=Anonymous][quote=Anonymous]I wouldn’t do it as a stretch. Or as an investment. We purchased a vacation home in our dream location and rent it during peak season to help defray the cost. But I do not expect to be net positive from that. For us, it’s a long term plan bc we do plan to eventually spend much of our time there. I also expect prices to continue to rise and found a good opportunity. I think in the long term it likely will prove to be a good investment. However, we can afford to not rent it out if needed. [/quote] PP here, also want to add, we considered doing this a few years before we actually pulled the trigger, but had we done it then, we would have definitely had to rent it out and it would have been a lot of pressure and financial stress. We are glad we waited and purchased when we were in a better financial situation to do so [/quote]
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