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Updated 7 months ago,

User Stats

24
Posts
5
Votes
Bruce Reeves
  • Investor
  • Bella Vista, AR
5
Votes |
24
Posts

Overall guidance advice - summer home

Bruce Reeves
  • Investor
  • Bella Vista, AR
Posted

Been retired for four years. Getting the idea of a summer home to beat the heat in Arkansas. Landlord of 25yrs, so rental property is not something new to me. 

At this point I just have a fuzzy idea of what I want to accomplish but here goes. 

Looking to buy a small condo/house/townhouse for a summer get away for parts of Jun/Jul/Aug. Fish, pickleball, hike, golf, gym for activities. Decent grocery store and general shopping, not way out in a rural setting. 

Thinking the San Juan Mountains in Colorado or perhaps Eagle's Nest NM area. 

I have stayed at an AirBnb for a month in the past but no interested in doing that. That would make things too easy.

Budget is somewhat limited in the 200-300k range. Leasing it out via Airbnb or Vrbo is an option if available and demand is there.

No creative buying strategies needed. Just your basic 20% down get a loan, etc.

I know there are 84 other variables that come into play in making the decision.

Does the think tank here have any general pieces of advice?

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