New Investor from Bellingham, MA

[Scott Sutcliffe]

Hello!

I have an accepted offer on a 2/2, fully furnished townhouse style condo on Cape Cod (my first besides my primary house) and expect to close in November. I am also getting married (second time) in June 2015! Being in my early 50s and having saved using only a standard 401k, I have always realized that it will not be enough for a reasonable, normal retirement. So, my fiancee and I are taking the plunge with this condo which we plan to rent out by the week as a vacation home.

We are planning to provide an upscale vacation rental experience for our guests and hopefully build a regular clientel over the next few years. Once this is established and we have built up another downpayment, we hope to continue investing in buy and hold properties.

Any sage advice for newbies? Thanks for reading,

-Scott Sutcliffe