Today’s low, low mortgage interest rates might have you thinking , “Maybe I should buy a second home for short-term rental.” This post, which we first ran in 2017, can help you decide.
Wouldn’t it be nice to have a second home? A little casita in Santa Fe or a small apartment in Manhattan? A cottage on the lake? You’d have a place of your own in a favorite destination, and you could use it as a short-term rental when you weren’t using it.
That’s what we did when our grandkids were small and living in San Francisco (they’re teenagers now!). With the help of a small inheritance, we bought a small condo nearby. When we weren’t using our unit, we rented it to short-term guests. It was perfect.[Read more…] about Buy a Second Home for Short-Term Rental? We did.