If you own a vacation home, in a popular destination, you can use it when it's convenient for you and rent it the rest of the year. The rental income can cover a significant amount (or all) of the cost of owning the property.
Check out the Vacation Rental By Owner website. Do a search for any city (perhaps your city) and see what a huge market this is.
Also check out a couple other articles I found about the vacation rental option:
7 Tips for Buying the Perfect Vacation Rental
How To Market Your Vacation Rental
5 Simple Ways to Maximize Your Vacation Rental Profits
An Introduction To Investing in Vacation Rentals (A Podcast)
Well, that should give you a good start on thinking about the vacation rental investment option.
I'd love to answer any questions you may have about local real estate in the Wenatchee valley and surrounding areas.
Happy Investing...
Erin Davidson
Wenatchee real estate agent
Free Search of entire Wenatchee MLS
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Free Search of entire Wenatchee MLS
Current Wenatchee real estate news, info and trends
Homes for sale in: Wenatchee, East Wenatchee, Malaga,
Cashmere, and Leavenworth, Washington
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