Before becoming a landlord, add up the costs

One of life’s luxuries is being able to afford a vacation home.

….“Thankfully I was well within the guidelines for debt-to-income ratio and credit score.” The beach condo is a joint investment with his father, Bob, who has bought and managed rental properties for years. They expect to collect as much as $3,500 per week during peak summer season from vacationers, but before Lebda took out the mortgage from a bank in the Lending Tree network, he also calculated anticipated costs, including maintenance, marketing and insurance premiums…


Especially interesting are the comments section


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