First Time Investor Needs Advice on Vacation Rental
Hi All,
I'm looking at a Single Family Home in a beach vacation destination and trying to run the numbers. It's a bank-owned property and it looks well discounted for the area (65% ARV). I'm interested in Buy and Hold and would rent this out to vacationers on a daily/weekly basis. Any suggestions on where to get information to help estimate average annual occupancy? Any other advice on investing in vacation rentals?
Thanks!
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- Realtor, General Contractor, and Developer
- Redding, CA
- 4,185
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@John McNesby Welcome to BP. It's the best place around to find out information about all things real estate. We have a forum dedicated to Short Term and Vacation Rentals. I will move this over to that thread.
Also, I'd like to encourage you to search the Biggerpockets Blog for posts on Vacation Rentals (you can actually do a search - top right of page, then click to the left side where it shows Blogs, Podcasts, etc.) Also, look at the list of Podcasts
You might want to upload your pic to your profile, gives it more professional appearance, and character. If you don't want your pic online, you can use another pic of a local landmark, property, or ? as long as it's not copyrighted.
- Karen Margrave