Why Vacation Homes are Bad Investments
7 years ago by grantcardone (65)
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Awesome! Thanks Uncle G! @grantcardone #10x
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thanks for this video @gran sir its beautifull
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I'm looking into getting a house pretty soon but to live in. Beautiful area by the way.
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I think vacation homes can be great investments for AirBNB type scenarios if your in a hot spot that will have little to no vacancy, it's in a country or place with stable property ownership laws and if you have someoen in place you trust to manage the property.
The vacation home invesmtents that are bad investments are things like timeshares or partial ownership deals or for people who want a vacation home and then let it sit vacant costing them money instead of making money
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Excellent info! I want to look into this down the road
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I agree...especially seasonal homes. While they could potentially pay off if you get into a hot area, there's generally a lot of competition in that arena and managing it can be a pain with people frequently moving in and out. Wear and tear would be higher, and you still have to deal with off season periods of vacancy...which will be harder to find a tenant for. Stick to apartments.
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I am not of that business typo but thanks for the update buddy !
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the best post ever
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