Hi all,
I was wondering what people have done to afford vacation homes (lake house, beach house, etc)? I am a long ways away from being in that position (just finishing med school), but it is a goal of mine to have a place on a lake someday, even if it is a small cabin. Did you buy a less expensive primary house knowing you'd be purchasing a second property? Did you pay down a first mortgage before buying a second house? Did you/ do you rent out your house?
One of WCIs recent podcasts talked about investing in properties for Airbnb, anyone have experience using vacation homes as Airbnb properties?
Hope everyone is enjoying the 4th!
I was wondering what people have done to afford vacation homes (lake house, beach house, etc)? I am a long ways away from being in that position (just finishing med school), but it is a goal of mine to have a place on a lake someday, even if it is a small cabin. Did you buy a less expensive primary house knowing you'd be purchasing a second property? Did you pay down a first mortgage before buying a second house? Did you/ do you rent out your house?
One of WCIs recent podcasts talked about investing in properties for Airbnb, anyone have experience using vacation homes as Airbnb properties?
Hope everyone is enjoying the 4th!
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