If you hold it over time you can do very well. Here’s what I mean.
Majestic Sun Condo: Median Sales Price in 2003 was $321,000. Today it’s $625,000. That is a 94.7% increase. Or $304,000 upside.
Wait, there’s more… Let’s say you pulled $15,000 cash flow per year over 20 years. That’s another $300,000 you collected.
Wait, there’s even more…the renters have been paying the cost of your vacation rental investment for 20 years and if you had a 30 mortgage, in 10 years it will be completely paid for by someone else.
Wait, there’s more… there are a ton of tax advantages that you get to use as an investor in a vacation rental property.
Is this enough to make a vacation rental a good investment?
For me it is. I own several. If you want to learn more about how to use vacation rentals as a financial planning tool send an email to [email protected] and we will happy to get you started.
