Is buying a beach house a good investment in 2020
Buying a beach house can bring an excellent return on investment, a reliable income stream, and access to a delightful vacation spot. Many beach house investors purchase homes that they subsequently rent out during peak tourism times. A beach house owner in Ocean City might make the house available to rent from November through April for the off season as the town stays busy and enjoy it for themselves in the beautiful summer months.
Like many real estate investors, you have probably dreamt of owning a beach house rental in an exotic location. Such a vacation rental property not only generates income but also provides free accommodation during your much-needed vacations. But, is buying a beach house to rent out a good real estate investment? To answer this question, let’s take a closer look at some of the advantages and disadvantages of this investment strategy.