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Updated almost 5 years ago, 01/25/2020
SoCal Vacation Rental: Mountains or the Desert?
Hi Guys! I've been in hiatus for a while now.
So, Christmas is right around the corner and as procrastinators always do, we are shopping around for a vacation property to rent for Christmas week in Lake Arrowhead/Big Bear areas. Then I started thinking: Let's see the home (cabin) values. Then this idea came to my mind about whether it makes more financial sense to invest in a vacation rental property - with the occasional owner use - in the mountains where we will see snow in the winter or the desert like Palm Springs. I know Palm Springs RE market is up right now but to me it has little to offer vs what I already have at home in LA. So, which one would make more money? I've tried to look up some rental property investment reports but have hit a bit of a brick wall with this question.