Buying a vacation home as an investment property can be very different from investing in a typical rental property. So is it the right choice for you? For starters, a vacation rental is normally leased by multiple renters over the course of a year, whereas a typical rental home might only be leased once annually. But handling multiple renters isn’t the only challenge involved in owning a vacation rental property. You also need to remember that, as an investment, a vacation home can’t be owner-occupied for much of the year, or else it can qualify as a second home for tax purposes. Watch this episode of Big Money Real Estate for Ilyce’s run down on all the considerations involved in owning a vacation property as an investment. And check out Ilyce’s Intentional Investor Series to learn everything you need to know to become a successful investor in real estate. Looking for more of Ilyce’s real estate and personal finance tips? Read her blog, see her tweets and follow her on Facebook.
Issues to Consider When Buying a Vacation Rental Property
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