I'm intrigued about vacation rental investing. Are there good sources for legit metrics on rental properties? I.e., vacancy rates and what vacation properties are actually renting for as opposed to what they are asking for on VRBO/Air bnb?
MS08 said:
Cool! Which towns?
What bed/bath count?
Very unlikely. I expect my Breckenridge place to have more modest appreciation over the next several years, but I'd be surprised if it wasn't at least 3-4% annually. Crested Butte has a ton of room to run, as I bought my first place right before Vail Resorts announced they were buying CB. I expect to average at least 10-12% appreciation appreciation annually for at least the next 3-4 years... that would get my units back to historical highs for the same-sized units in the building.Diggity said:
Those appreciation numbers seem crazy. Either they're exaggerated or that market is heading for a serious correction.
Looked up the sale price on the house we rented last week in Copper Mnt...Diggity said:
Those appreciation numbers seem crazy. Either they're exaggerated or that market is heading for a serious correction.