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#1 |
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Senior Member
Join Date: Mar 2016
Posts: 94
Thanks: 57
Thanked 22 Times in 11 Posts
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They must have had a bad experience... You can't just go out and buy any old property, expect to rent it and have everything work in your favor. You have to be patient, find the right property at a fair price and know what to expect for rent. f the math doesn't work out, keep looking, there are properties out there that will work! If you're able to use it for yourself from time to time then even better. How many listings do we see on VRBO all over the world? Hundreds of thousands? That many people can't be wrong.
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#2 |
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Senior Member
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 4,430
Thanks: 2,431
Thanked 1,271 Times in 814 Posts
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A friend of mine bought a beautiful log cabin up in Franconia Notch for $250K and he rents it out all year long on a weekly basis and does real well. He has a company take care of the cleaning and the rentals and still makes good money. He bought it purposely as an investment and him and his wife only use it themselves when there is a vacancy. But it's no where near a lake.
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