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Updated 8 months ago on . Most recent reply

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Mark Klee
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Feasibility of buying Summer Vacation/short-term rental on Cape Cod

Mark Klee
Posted

New to real estate investing.  I'm sixty years old and was toying with the idea of investing some of my retirement money in a home on Cape Cod.    Can I even break even if Summer rental season is a max of five months, and more likely three?  Or, would my money be better spent someplace down south or by a National Park that would have year round traffic.

My goal is to have a place where my family can spend a couple of weeks during the Summer, pad my retirement a bit, and have a place to leave my kids.

Thank you in advance for your input.

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