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Updated almost 5 years ago, 03/04/2020
Rental Vacation Properties
Hello BiggerPockets universe, I am very new to real estate and just getting my feet wet this year. I am exploring all aspects of the real estate world to really hone in on what I want to focus my time and energy on. One idea I have floating around my mind is to buy a couple of vacation homes in warm places that aren't Minnesota (where I am from), to satisfy a few things, one, provide passive income, two, add an additional asset to my portfolio, and three, provide a home that my family and I may enjoy as well. I am curious to know if any of you have done this and what your thoughts or experiences are after having done so? I have read the "Long-Distance Real Estate Investing" book by David Greene and feel like this is something totally do-able if having the right partners in place.
Thank you all so much for your time and insight. I look forward to connecting and discussing.