Mon, 21 March 2022
It is time for a vacation!
If you aren’t going to an ‘all inclusive’ resort - figuring out where to stay can really be a hassle.
We have a hard time finding a place that will fit our family (4 kids) with enough space to ‘spread out’.
Maybe your vacation is a time to check out some potential investment properties.
A reader, Steve, sent in a question about potential investment properties that we are going to answer today.
Steve asks: My wife and I are in our mid-50’s, we are debt free and own our home. We would like to have a place that our family and kids can use while we explore future retirement areas near the vacation home.
05:56 The pros of buying a short-term rental.
I encourage you to have detailed conversations with your significant other and your CPA before you purchase a vacation/short-term rental property.
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Resources: How to Buy a Second Home that Pays for Itself Real Estate or Index Funds – Which is the Better Way to Build Long-term Wealth? How To Invest in Real Estate (12 Different Ways!) https://wealthhackerlabs.com/ask/
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