Issues to Consider When Buying a Vacation Rental Property

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.
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CEO of Cardone Enterprises, Cardone Capital, international speaker, entrepreneur, and author of The 10X Rule & creator of 21 bestselling business programs, Grant Cardone owns & operates seven privately held companies and a $5.2 billion portfolio of multifamily properties. Named the #1 marketer by Forbes Magazine, Cardone is also the founder of The 10X Movement & The 10X Growth Conference, the world’s largest business & entrepreneur conference.


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