General Strategy

[Roger Lin]

I am an investor in D.C. I've been dreaming of moving to Hawaii for a few years. However, the reality is that my business is here, all of my business relationships are here, my kids go to school here and my family is here.

So, I thought the next best thing is to purchase a vacation rental, rent it out for most of the year and use it ourselves for a couple of weeks a year. I started looking into it. It seems that the prices are pretty high right now since I am not the only person trying to do this.

I was thinking that perhaps I should keep an eye out but just start saving up capacity and collect information on this and wait for the next recession to do this. Is this a sound strategy?

Another question, what types of financing options are there for vacation rentals?  Thanks!