Can never go wrong with Beachfront Property

[Alfred Harding]

We purchased in Hawaii as I figured they wouldn't make more beachfront and there is a finite amount of inventory. (Of course in Dubai, where they have an unlimited amount of money to work with, they create their own beaches and islands, but this is Hawaii.)

It has worked out well for us as our short term vacation rental properties in Ko Olina stay rented pretty much year around and there isn't a big difference between high season and low season.

We're looking to repeat that success in Santa Fe, NM but it's more difficult as the purchase prices are higher and the rental income is lower which makes it tough to find anything that might cash flow.

[Cole Schlack]

Some of the best areas for vacation rentals are the ones that don't seem like they should be.  My rule of thumb is the nightly rate should 1,000 times the purchase price $100 per night $100,000 that way you make money at 50% vacancy.