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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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.