Vacation Time

It's been a long time, People.

I want to grab your ear a bit on an investment that won't be for everyone, but some will dig it. Vacation rentals.

I was introduced to vacation rental possibilities back in '05 when my sister bought a nice little cabin in Idylwild, Ca. Cute 1 bed, 1 bath log cabin that was decked out with all the modern amenities.

It was cheap, so she bought it with cash (Part of an inheritance that her & I split). I told her (In the most condescending voice that I could muster) that she had lost her mind. "You won't get any appreciation out here" is what I told her.

Like siblings are supposed to, she ignored my advice and bought the cabin. I bought a Miami condo that I couldn't rent out (HOA rules) for a year.

We all no that I lost a ton of loot in Miami. Her property value did go down, but she rented her cabin out by the weekend & the week, getting up to $300 a night. When it's not being rented she goes up there with her family, occasionally inviting me so I can see my mistake up close. I sold my condo and lost money and self respect. My sister still makes money on her cabin and still uses it. Who's dumber than me?

Some goodies about vacation rentals:

Can be bought as a 2nd home (Better % rates).

Renters give credit cards instead of deposits. If any damage happens, you have them by their froot of the looms.

No eviction notices. When their done, their done. It's a temporary rental so their are different occupancy rules.

You get to use it too!

You can change rates any time you want. Christmas time, rates go up. Valentines, up. & so on...

You can actually end up getting a better return. It will be rented less days out of the year, but at a much higher rate.

Get with me if you want to hear more about this type of investment. 619-507-7449.

God Bless