Advice on beach properties and VRBOs

[Brandy Anderson]

Hello fellow investors! I am about to do a 1031 exchange and will be purchasing an investment property. I am thinking of buying a beach property and turning it into a VRBO. I would love some feedback on the drawbacks of each (beach properties and VRBOS), and on whether or not you guys are actually breaking even and/or cash flowing with these vacation rentals. All positive and negative feed back is welcomed and appreciated! I want to know "the good, the bad and the ugly" before jumping in. Thank you all!

[Rick Oaks]

Hi Brandy - we purchased a 2/2 near the beach approx. 5 yrs ago in Sarasota Fl ... love it!  on 15 yr mortage it has a small cash flow and each year gets better,  but we do use it ALOT ourselves. We did a very nice total remodel and it is stocked very well- i.e more than 4 forks etc and tenants really appreciate it... coffee maker, spices, quality cookware, bikes, beach accessories.

Good Luck!