It's A Good Time To Consider A Second Home

There's a great opportunity if approached with care and a certain amount of homework. Check it out.

HomeAway, Inc.. surveys report the average weekly rate collected by vacation property owners is $1,656 and that rent is collected 20 or more weeks each year.

That's enough to generate more than $750 in positive monthly cash flow on a mortgage that costs $2,000 a month. The cash flow doesn't include reoccurring costs, beyond the mortgage, associated with vacation rental property, but it also doesn't take into account tax benefits associated with second home ownership.

And there's the invaluable, but tangible personal benefit of owning a getaway playhouse in a world where woe is the norm rather than the exception. The potential is there, but not for everyone.

Buying a vacation home, especially one you're going to rent out, means embarking on a whole new lifestyle. Read up on the subject so you'll know what to expect. Doing plenty of research and making an educated decision will keep your vacation home dream from turning into a nightmare.

Feel free to contact me if you need help locating property in So. California's beautiful, balmy South Bay: Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo, Palos Verdes.

Thanks,

Robert Kissig

Real Estate West
Manhattan Beach, CA

310-640-7897
www.KissigRealEstate.com