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Updated over 8 years ago,
Maxing out income on cape cod vacation rental
I'm seriously considering getting into vacation rentals on capecod. Falmouth Ma to be more specific. My concern is with the shorter peak season in the northeast which I believe is around 10 weeks in the summer. It will be difficult to be cash flow positive or break even. I've heard of woolen who can switch to long term rental for the winter to Kermit occupied and obviously add income. Does anyone have any experience with this. I'd feel much better about jumping in instead of buy and hold in the red hot Boston are market where I can't seem to compete. I love Falmouth so it would be a business decision as well as a life goal to own a vacation home in Falmouth