North America’s vacation property resource
North America’s vacation property resource
Making a vacation property investment is a big decision. Perhaps you’re looking to invest in a short term rental property on the beach or cozy ski chalet nestled in the mountains. Or perhaps you’ve always dreamed of owning a remote cottage in the wilderness and would like to keep it for personal use. Whatever the case, with careful planning and execution, owning a vacation home can make an excellent investment.
Yet you will undoubtedly have various questions along the way. For example, what are the most common mistakes when purchasing a vacation property? How much vacation property can you afford? What is the best type of property to purchase? Are mortgage rates higher for vacation properties? These are just some of the many questions that you may have as you contemplate a vacation property investment.
Explore articles covering various topics related to vacation property investment. In particular, topics include: things to consider before buying a weekend home, eight mistakes to avoid when buying a vacation home, is a vacation home considered investment property, buying a cottage to rent out, eight reasons why buying a vacation home is a smart move, a ten point checklist to buying a vacation home, an overview of the true cost of owning a second home and others. Be sure to check back often as new topics are added.
Fractional vacation home ownership presents a more affordable way to own a vacation property with less stress and responsibility. Fractional ownership also provides you with a more passive way to own a property since multiple people own it and someone else takes care of the property. Whether it’s the sunny seashores of Montage Kapalua in…
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If you’re in the market for a second home, you may find that it’s more difficult to secure financing. Lenders have stricter requirements including a much larger minimum down payment for a second home. This is because lending money for a home that isn’t your primary residence is risky business. You have much less to…
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Introduction to Buying a Second Home As a real estate investor and owner of a vacation rental property, I’ve dealt with numerous ownership questions first-hand. I’ve also read various resources over the years in order to supplement my own experiences. Yet, there are many different resources out there on various topics, from the true costs…
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If you currently own a second home in the United States or Canada and are considering changing your ‘second home’ to an ‘investment property,’ you have several factors to consider. Generating rental income from your property can be a great way to earn more income, but there are mortgage, tax and insurance implications, among others,…
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Last updated on August 28, 2021 Before buying a second home, you will likely ask yourself can I afford a second home and, if so, how much second home can I afford? While everyone’s financial circumstances differ, there are certain guidelines to follow in the United States and Canada when preparing to buy a second…
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If you’ve always dreamt of owning a vacation home in the United States or Canada, now is a great time to consider it. With interest rates down and values continually rising, it’s a great way to invest your money and have the luxury of owning a second home. You have more options than most people…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.