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Updated over 4 years ago on . Most recent reply
Vacation Rentals Financial Rules of Thumb
Hey, I'm looking at a few Vacation Rentals to NH lakes region. Prices have skyrocketed but I need to understand the normal play here. Do most successful Vacation Home rental owners Leverage to 15 yrs? Do they use 7 yr arm loans?
Do they get cash flow and if yes how long does it take? Months? Years?
Or is the play only to pay off some of your own family's rental property?
Most Popular Reply
Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Property Manager
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Property Manager
- Gatlinburg, TN
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Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Property Manager
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Property Manager
- Gatlinburg, TN
I always go 30 yrs. If I can borrow for under 6%, I’ll borrow as much as I can, for as long as I can. Your results may vary.
- Collin Hays
- [email protected]
- 806-672-7102
SMOKY MOUNTAIN FALLS INC.
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