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Updated over 4 years ago,
Looking to create a Long Term and Vacation Rental portfolio
We have a 2nd home by a beach in NY. This summer we started renting it out on Airbnb. We like the extra money and thought about other areas we might like to have a home to vacation at which we could buy and fund via long term rental with also an airbnb. Something like a 2 family or a Single Family with accessory apartment or structure on the property to rent short term. Ideal markets for us would be NY/NJ/PA ski areas, or lake/ski, Orlando theme park area, Florida beaches.
I expect that many over extended Airbnb hosts or even people in general will be hit by a bad economy ahead and go into foreclosure or want to get out prior to that. Anyone have advice on how to find these and build this portfolio?
Thanks