How to Get the Most When Investing in a Vacation Home to Rent (VIDEO)
With the housing market down in Los Angeles, now may be a good time to think about buying a second home like a vacation home. Investing in real estate still can be profitable. Not only are the current prices low but also if you can turn it into a rental, you could end up making a monthly profit on the home – depending on how much it is rented.
To get the best possible deals, check with the banks for a listing of foreclosed properties. Just be careful of the condition that some of these properties may be in. Since it would be much riskier to invest in real estate with the idea of flipping for a profit right now, keeping a property long-term as a rental is ideal. When the market goes back up you can decide if you want to hold on to the rental or sell for a profit at that point.
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