Vacation Properties: Pros and Cons

March 7, 2016 | Category: Real Estate Investing Tags: , , ,

Vacation properties are one of my favourite types of real estate investments. When it comes to the amount of money you can make they’re pretty much on par with executive rentals, but on the flip side, they also have some special considerations that don’t often come up with traditional income properties. Before you take the plunge and purchase a vacation property make sure you’ve considered the pros and cons.

Do's and Don'ts of Vacation Properties

PROS:

Do's and Don'ts of Vacation Properties

CONS:

Roz and Katherine's Back Deck

When it comes to vacation properties a good rule of thumb is that if you can’t afford it on your own without the revenue you’d get from renting it out, a vacation property is not a smart financial investment – however it might be a great personal investment. Make sure you’re comfortable with the difference between the two before you commit.

 

Photos courtesy of Skit Inc.

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