Rental Vacation Properties

[Kyle Nelson]

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. 

[Account Closed]

@Kyle Nelson I generally do undeveloped waterfront, single family, three and four season cabins. I avoid HOA's and condos. They definitely make it easier, I just don't trust their finances and don't have time to scrutinize them. I like versatility, properties that I can move if I need to, fix and flip, subdivide, rent long term, or rent short term all year long.

I don’t just do vacation rentals, I’ll invest in any real estate that is a sound investment or investing in businesses that support our real estate. If you want to talk about MN and WI, connect with me and we can kick some ideas around. Or, if you want to talk about North Florida, I can offer some thoughts about that too as that’s where I live.