Updated about 3 years ago on . Most recent reply
Big Bear or Lake Arrowhead for Vacation Rental?
My husband and I are looking to invest in a vacation rental in either Big Bear or Lake Arrowhead. We have buy and holds but this will be our first vacation rental. I have heard a bit from investors with homes in Big Bear but none from Lake Arrowhead. I know I'm Lake Arrowhead we would need to buy a home with lake rights. Beyond that does anyone have any advice or opinions on which one may be a more successful vacation rental?
We live in Los Angeles and will be using the home on occasion. We have not yet decided if we will self manage or hire that out.
Any advice on running a vacation rental in these areas would be appreciated!
Most Popular Reply
Hi Carrie Giordano , 100% go with Lake Arrowhead. So much closer to LA (that bit of a drive really makes a difference), and the clientele is way more put together (Big Bear attracts a lot of mountain people, skiers, kids).
Lake rights isn't necessary. You'd be surprised. My homes outside of Lake Rights do VERY well. We refer people to Lake Gregory and they have no issue with that. It can save you tens of thousands in your purchase...