They say to Invest in What You Love! I have always loved Vacation Real Estate. It has a lot of great attributes that you may also love.
Here are a few from my list:
It pays you frequently and never really stops. This income can replace what you do for work.
Real Estate generally increases in value
RE allows you to use your expenses and other measures to reduce the income tax you pay.
Guests pay before they arrive and they always leave Plus: an added bonus is that they’re generally happy since they are on vacation and pay a premium since it’s a short stay in a great place.
Having this type of asset allows you to frequently travel to great locations. Frequently enough that you may just become a local in the area.
A small contribution (ie payment) gets you a substantially large asset. It’s easier to purchase a $500,000 home than it is to actually accumulate $500,000.
This is just some of my list…. feel free to add on.
Where would you want to invest into Vacation Real Estate? Share your favorite spot in the comments below or on any of our social media outlets.