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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