Bethany Beach Rental Property

[John Schnyderite]

We are considering investing in a beach property. We love OBX but it is a long drive. After a visit to Bethany Beach, we really like the town and beach. Thinking we could invest in a property, use it a couple weeks per year and rent it to cover our costs - and have a low-property tax home by the beach to use more heavily in retirement.

I know in researching OBX that properties there were hit and miss on making a profit. Wondering if Delaware beaches might be less harsh on houses (maintenance/upkeep), and whether it is easier to profit on a home there. Probably a couple years from making a move, but want to start evaluating whether it might make sense.

Thanks for any input/experience.

[Brian Tome]

@John Schnyderite

My friend @Heather Carrow can tell you what the STR market is like in Ocean City, Maryland which is just a few miles from Bethany Beach. Bethany is definitely a more family friendly and relaxed atmosphere type town than a lot of the other Delaware/Maryland Beach towns.

Prices in most of those towns have been exorbitantly high over the last few years, and it seems like the only way you could justify buying one as an investment is if you got a good deal and made it a really high functioning STR. However, if you have a good W-2 and all you are looking for is some cushion to help with the cost, it's a great "lifestyle" investment idea.