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Are there any restaurant/hotel people here?
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Chief
No if it’s purely investment. Yes if you plan to also use it for vacation
I plan on buying a vacation investment. Mainly for my family and I’ll rent it out a little to break even or close to it
Rising Star
SO’s parents have a beach home and it is fully rented this summer. People still want to vacation but the home option keeps you somewhat isolated
family owns a vacation rental in the poconos. lots of renters atm, esp with july4th coming in. Winter season is good too since we're by a ski resort.
I nearly pulled the trigger on one in northern Michigan back in November. So glad we didn’t get it cuz I’d be bleeding cash right now. I’ll re-asses in ~2 years depending on how the vacation rental market bounces back in northern Michigan.