Vacation rental property buy in

[Brendan Campbell]

first time posting here everybody.... So I am a young professional guy with a decent stable job and some cash in the bank. My parents, through family connections inherited a 50% stake  in a South Florida condo. I was recently approached by them to go in with my brother and buy out the remaining stake. Value of the condo is roughly $250k

Although I do have some money in the bank, I don't have enough to cover that kind of purchase. Could I mortgage this along with my brother and parents to get this done? Any other tips would be appreciated. 

[Bill Jacobsen]

You have to decide whether that is the kind of business you want to be in.  I bought many properties before I bought my first vacation rental.  We manage some ourselves.  Some we make money comparable to long term rentals and some we break even.

I, personally, would not borrow money for vacation rentals.

Good Luck.

Bill