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Updated 4 months ago,
Feasibility of buying Summer Vacation/short-term rental on Cape Cod
New to real estate investing. I'm sixty years old and was toying with the idea of investing some of my retirement money in a home on Cape Cod. Can I even break even if Summer rental season is a max of five months, and more likely three? Or, would my money be better spent someplace down south or by a National Park that would have year round traffic.
My goal is to have a place where my family can spend a couple of weeks during the Summer, pad my retirement a bit, and have a place to leave my kids.
Thank you in advance for your input.