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Updated over 6 years ago on . Most recent reply
Maine--looking for input
We are interested in purchasing a single family home on the coast between Portland area and Desert Island area to use as a vacation home/possible future retirement spot for our family and to Airbnb/VRBO when we are not present. We live out of state so are not super familiar with the area yet and would appreciate input on locales which are likely to have the best opportunity for vacation rental income. Any local insights would be appreciated!
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@Emily Martin You are picking a great market to take a look at. The coast of Maine is very active and there are many opportunities for AirBNB. I would avoid Portland as they are changing the rules and this may make AirBNB either too expensive or not allowed, so its a City that I would avoid. If you come South of Portland a little bit there are some great opportunities in Old Orchard Beach and if you go North there are great opportunities in Freeport, Brunswick, and a few in Falmouth/Cumberland.
I would be happy to discuss further with you if that would be helpful. Good luck on your REI journey.