I want to buy a vacation rental

[Anna Smith]

I own three investment properties and am working on a flip. I’m on vacation and have been thinking about the numbers of a vacation rental. Does anyone own vacation rentals? How do they work? What do your numbers look like? What is your purchase price vs your weekly rental price in high and low time?

[Al Williamson]

Hey Anna,

If I bought a coastal rental here in CA today, all things being equal, it's cash flow will be significantly less that if I bought it in 2008. So cost basis has everything to do with your question.

You may get the best info on how much you can gross by studying an Airdna.co report for the zip code you're most interested in.