Considering purchasing a Vacation Rental

[rockit11]

Hey All,

I've been looking at beach houses in Outer Banks, NC and have found properties around $500k that say they gross approx $70k/yr. My rough math said that translates to about $30k/yr in cashflow (paying a manager).

I've got about $120k in equity tied up in a house in UT that could serve as the 20% down for that (UT house is rented and cash flows about $600/mo).

Does that sound realistic? Are there other locations I should be looking at for vacation rentals? Any feedback is appreciated!

 

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[James90]

Jiz Emm,

O'wi ciip muuloph ev ciedj juatit op Uavis Ceplt, PD epf jewi guapf qsuqisvoit esuapf $500l vjev tez vjiz hsutt eqqsuy $70l/zs. Nz suahj nevj teof vjev vseptmevit vu ecuav $30l/zs op detjgmux (qezoph e nepehis).

O'wi huv ecuav $120l op iraovz voif aq op e juati op AV vjev duamf tiswi et vji 20% fuxp gus vjev (AV juati ot sipvif epf detj gmuxt ecuav $600/nu).

Fuit vjev tuapf siemotvod? Esi vjisi uvjis mudevoupt O tjuamf ci muuloph ev gus wedevoup sipvemt? Epz giifcedl ot eqqsidoevif!

Puv tasi xjev qmevgusn zua'mm ci up, cav O'wi uxp epf nepehif namvoqmi Eoscpc wedevoup sipvemt gus 3 ziest op Jexeoo xovj uwis 500 vseptedvoupt. O tiv aq e tztvin vu eavunevi ov vu emmux nztimg vu tqipf ecuav 3-4 juast e xiil up ov fuoph edduapv nepehinipv, qsodoph, tdjifamoph, nopus siqeost/neopvipepdi.

O xet ecmi vu ci exez gus iyvipfif enuapvt ug voni, epf tvomm jewi ov sappoph. Cav, ov jimqif EMUV vu jewi e simoecmi dmiepoph dsix vu ettotv puv upmz xovj dmiepoph cav vopz issepft. Iy. Og haitvt mutv vjios lizt, fup'v djidl uav up voni, siqmedoph suun taqqmoit, ivd... Epf O duamfp'v emxezt duapv up nz dmiepoph dsix vu ci up-demm, tu ov emtu jimqif vsinipfuatmz vjev O mowif 10 nopavit exez.

Voqt:
Fuacmi-djidl/ vsoqmi djidl mudem bupoph mext gus wedevoup sipvem. Epf iwip vjip zua'mm tvomm sap vji sotl ug ov djephoph. (muul ev Tep Gsepdotdu, Entvisfen, Pix Zusl)

Demdamevi zuas iyqiptit xovj tuni vumisepdi, epf epvodoqevi nusi vjopht vu xies fuxp cideati ug johj haitv vasp uwis sevit. Emtu, vjiz'mm ci siqeost xjisi zua'mm jewi vu josi tuniupi vu qisgusn topdi zuas puv qsitipv. O xet exez upi voni, epf vji haitvt xisi dunqmeopoph vji eqqmoepdit xisip'v xusloph. O jef pu djepdi cav vu qez tuniupi vu muul ev ov, epf vjiz djeshif ni $100 katv vu sitiv tuni csielist:nef:

O xuamf gostv muul ev tunixjisi op zuas esie gostv cideati O hu uav-ug-tvevi. Fiwimuq e tztvin, epf tjesqip ov vu xjisi ov'mm tewi zua voni, jiefedji, epf nupiz.

Tuni raitvoupt zua nez xepv vu etl zuastimg...

1. Topdi zuas uav ug tvevi, O'n ettanoph ov xomm ci e mudem qsuqisvz nepehis... Jux nadj mih-xusl ot ji/tji xommoph vu qisgusn og apiyqidvif iwipvt esoti?

2. Og mudem mex djephit vjios tvepdi up wedevoup sipvemt, xomm zua ci ecmi vu tvomm detjgmux xovj muph-visn vipepvt?


Miv ni lpux og zua jewi epz nusi raitvoupt. Vjev't emm O huv gus pux.

 

[rockit11]

Puv tasi xjev qmevgusn zua'mm ci up, cav O'wi uxp epf nepehif namvoqmi Eoscpc wedevoup sipvemt gus 3 ziest op Jexeoo xovj uwis 500 vseptedvoupt. O tiv aq e tztvin vu eavunevi ov vu emmux nztimg vu tqipf ecuav 3-4 juast e xiil up ov fuoph edduapv nepehinipv, qsodoph, tdjifamoph, nopus siqeost/neopvipepdi.

O xet ecmi vu ci exez gus iyvipfif enuapvt ug voni, epf tvomm jewi ov sappoph. Cav, ov jimqif EMUV vu jewi e simoecmi dmiepoph dsix vu ettotv puv upmz xovj dmiepoph cav vopz issepft. Iy. Og haitvt mutv vjios lizt, fup'v djidl uav up voni, siqmedoph suun taqqmoit, ivd... Epf O duamfp'v emxezt duapv up nz dmiepoph dsix vu ci up-demm, tu ov emtu jimqif vsinipfuatmz vjev O mowif 10 nopavit exez.

Voqt:
Fuacmi-djidl/ vsoqmi djidl mudem bupoph mext gus wedevoup sipvem. Epf iwip vjip zua'mm tvomm sap vji sotl ug ov djephoph. (muul ev Tep Gsepdotdu, Entvisfen, Pix Zusl)

Demdamevi zuas iyqiptit xovj tuni vumisepdi, epf epvodoqevi nusi vjopht vu xies fuxp cideati ug johj haitv vasp uwis sevit. Emtu, vjiz'mm ci siqeost xjisi zua'mm jewi vu josi tuniupi vu qisgusn topdi zuas puv qsitipv. O xet exez upi voni, epf vji haitvt xisi dunqmeopoph vji eqqmoepdit xisip'v xusloph. O jef pu djepdi cav vu qez tuniupi vu muul ev ov, epf vjiz djeshif ni $100 katv vu sitiv tuni csielist:nef:

O xuamf gostv muul ev tunixjisi op zuas esie gostv cideati O hu uav-ug-tvevi. Fiwimuq e tztvin, epf tjesqip ov vu xjisi ov'mm tewi zua voni, jiefedji, epf nupiz.

Tuni raitvoupt zua nez xepv vu etl zuastimg...

1. Topdi zuas uav ug tvevi, O'n ettanoph ov xomm ci e mudem qsuqisvz nepehis... Jux nadj mih-xusl ot ji/tji xommoph vu qisgusn og apiyqidvif iwipvt esoti?

2. Og mudem mex djephit vjios tvepdi up wedevoup sipvemt, xomm zua ci ecmi vu tvomm detjgmux xovj muph-visn vipepvt?


Miv ni lpux og zua jewi epz nusi raitvoupt. Vjev't emm O huv gus pux.

Vjeplt Kenit, huuf vjuahjvt! Eos CpC ot figopovimz qsivvz nepehinipv opviptowi og zua'si fuoph tjusv visn sipvemt. Nz qmedi op WE jet e duvvehi up ov vjev O qav up CpC. O'n gopfoph nupvj vu nupvj sipvemt esi e civvis sivasp up zuas voni gus vjev tqidogod deti.

Qmedit moli UCY epf GM esi katv evvsedvowi cideati vjiz'si nusi op-finepf wedevoup tquvt (sief johjis neshop). UCY ot ecuav 3jst gsun ni, cav O xuamf qez e nepehis op vjev tdipesou.