Beach Vacation Rental Vs. Ski Chalet and Other Vacation Rentals

[Krista Goodrich]

Hey BP Community!

I have been investing in STR/Vacation Rentals on or near the beach but am interested in growing my portfolio to include other places I like to visit such as ski resorts, big cities, international spots. My issue is, we were in Park City, Utah last week and Breckinridge recently and no matter how I crunch the numbers, cash payment, leveraging, etc., I cannot seem to make the numbers work where there is a positive return. I don't mind breaking even if I have an investment being paid down by others and a place to visit (even if it's in the off season for example: Utah or Colorado in Summer), but I can't justify investing in a place just to say I have a ski condo...it has to make money.

Can anywhere share stories of good and bad fun-location investments they have made to shed light on how they are making money in some of these higher cost towns?