re: Vacation home as an investment

There’s places that were bought 5 years ago that are grossing 30-40% this year OP. There’s places bought this year that will be lucky to gross 5%. It’s a business and an investment, you can’t just buy anything and expect to do well.

The thing with vacation homes is that the ROI is not necessarily related to the purchase price because you have a lot of residential purchases that impact the market.

I’ve seen some numbers from some Texas beach properties that are fantastic because of that reason. If you really want to consider a vacation rental, you should look at lesser known places.