Quote:
Originally Posted by asianthree
So you ever plan on living in the house, or is it investment property? We have owned PV, Cottage, Designer’s and a Premier. So basically all of the house venues.
PV, Cottage, Designer all rented with zero complications, and for as many months as needed. From short term 4months to long term (12) months unfurnished.
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If you plan on retiring in that home buy for your needs. If you plan on just investing, buy what is the best deal.,if you are only using for personal use less than couple months rent something else while you make income on investment
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For now we plan to live in it at least the months of Jan and Feb for now, potentially more in future years. So it should be easy to get short term guests even in the summer/fall months, and would you guess I could break even (more or less) with those ten months of income - assuming I can buy a 3BR Cottage in the low 300s? If we instead did as you suggest and just rented a place for us and leased out our place full time, what time of ROI cash flow would you expect on a 3 BR Cottage like this? (much appreciated!)