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Updated almost 7 years ago,
Vacation rental for free?
Hey guys,
I am contemplating buying a second home to use for my family as well as a vacation rental property. Ideally the property would be a multi unit located in Ventnor, NJ.
The only way I would be willing to do this is if the rental income would cover all expenses on the property based on a 20% down payment and a 15 or 30 year mortgage.
I would love your thoughts.
Thanks!