Why do I say that? It's because owning a second home gives you the flexibility to make money not only as a long or short term rental.
But you can also refinance your 2nd property and pull out equity.
You can take this equity and you can pay off debt or use it as a down payment for your next real estate purchase.
You also will have a vacation home that you can use anytime of year.
Rule to follow in real estate in order to be successful: make sure the house pays for itself don't put any of your hard earned money into carrying the mortgage.
If your house can't do this for you and make your life easier then don't purchase it no matter how much you love your "dream vacation home".
I'd love to hear about what creative ways you purchased your vacation rental home.
To find more vacation home ownership tips go to my website: http://realwealthvacationrentals.com
Happy Investing
Maria Rekrut
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